Property prices in Dublin have dropped an average of 1.9% between January and September of this year.
The capital has bucked the trend seen across the rest of Ireland, with house prices rising 1.1% nationally over the first nine months of 2019.
Across Dublin, house prices decreased by 1.5% and apartments decreased by 0.2% according to the CSO Residential Property Price Index published today.
The highest house price growth in Dublin was in Fingal at 1.5%, while Dun Laoghaire-Rathdown saw a decline of 6.8%.
Residential property prices in Ireland outside of the capital were 3.6% higher, with house prices up by 3.4% and apartments by 4.8%.
The largest rise in house prices outside of Dublin was the Border at 11.8%, while the smallest rise was recorded in the Mid-East at 0.2%.
In comparison to the peak in February 2007, prices in the capital are 21.4% lower. Meanwhile the Dublin residential property prices have risen 94.7% from their February 2012 low.
that the average price of a home in the capital for a first-time buyer is €375,000 according to the Economic and Social Research Institute.
And if you are looking for a property in Dun Laoghaire-Rathdown, you may have to fork out as much €520,000 - a staggering amount that is 57% higher than in the Fingal area.
First-time buyer couples in Dublin, Wicklow, Meath and Kildare who earn an average income pay around 30% of their wages on their mortgage according to the report.
