The Central Statistics Office launches new Residential Property Price Index
Residential Property Prices fall by 11.9% in the Year to March 2011
The Central Statistics Office today launched a new national Residential Property Price Index, which provides data from the beginning of 2005 to March 2011. The series is based on transactions which are funded by residential mortgages and covers both houses and apartments.
The results show that
The new index meets a national need for an official measure of the change in residential property prices and will also fulfil a new EU data requirement which obliges all Member States to produce comparable national residential property price indices on a quarterly basis from 2012. The new national index will be published on a monthly basis approximately six weeks after the end of each reference period. The next release, for April 2011, will be published in early June.
For more information contact:
Paul J Crowley on 021 453 5501 or Niall O'Hanlon on 021 453 5207.
Central Statistics Office 13 May 2011
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