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Residential property prices rise by 12.7% in year to March

Official figures show property values are increasing by 12.1% in Dublin

The property market is showing no signs of cooling with prices accelerating by 12.7 per cent in the year to March. This compares to an annual increase of 12.5 per cent in February.

The latest official figures from the Central Statistics Office (CSO) are at odds with recent reports from property websites and, which both reported a slowdown in headline inflation.

The CSO figures show annual price growth in Dublin, where demand is greatest, is now running at 12.1 per cent, down from 12.7 per cent the previous month.

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