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Staff Reporter, 14 Jun
The rate of average residential property price increases has eased to
3.6% in the year to the end of April, according to the latest national
price index from the Central Statistics Office.
This is down from a 4% increase in the year to March 2023 and the high
value of 15.1% in the 12 months to February and March 2022.
The CSO’s residential property index showed that prices in Dublin rose
by 1.0% and prices outside Dublin by 5.6% in the 12 months up to the
end of April.
In April 2023, 3,262 dwelling purchases by households at market prices
were filed with the Revenue Commissioners, down by 5.3% compared with
the 3,446 purchases in April 2022.
The median price of a dwelling purchased in the 12 months to April 2023
was 313,000 euro.
The lowest median price for a house in the 12 months to April 2023 was
160,000 euro in Longford, while the highest median price was 634,998
euro in Dun Laoghaire-Rathdown.
Commenting on the release, Viacheslav Voronovich, Statistician in the
Prices Division, said: “In Dublin, house prices increased by 1.1% and
apartment prices were up by 0.9%.
“The highest house price growth in Dublin was in South Dublin at 5.1%,
while Dublin City saw a decline of 2.5%.
“Outside Dublin, house prices were up by 5.9% and apartment prices rose
by 1.8%. The region outside of Dublin that saw the largest rise in
house prices was the Midlands at 6.6%, while at the other end of the
scale, the Border region saw a 4.7% rise. ”
The most expensive Eircode area over the 12 months to April 2023 was
A94 Blackrock with a median price of 748,000 euro, while F35
Ballyhaunis had the least expensive price of 127,500 euro.
The Residential Property Price Index (RPPI) is designed to measure the
change in the average level of prices paid by households for
residential properties sold in Ireland.
The RPPI specifically excludes non-household purchases, non-market
purchases and self-builds (ie where the land is purchased separately).