Residential property prices increased by 4.3% nationwide in the year to February.<\/p>\n
This compares to an increase of 12.5% on the same time last year.<\/p>\n
The annual increase in house prices has now dropped in the past 10 months.<\/p>\n
According to figures from the Central Statistics Office, residential property prices increased by 1.4% in Dublin while prices outside of Dublin were 7.5% higher.<\/p>\n
The slowdown in rises has been put down partly to the increased supply of houses but is not seen as the main driver.<\/p>\n
KBC bank said the slowdown in property price inflation could reflect “a postponement of purchasing decisions because of increased uncertainty linked to Brexit, for example.”<\/p>\n