Irish House Prices: National Increase, Dublin Decrease

Discover the latest trends in Irish house prices, with a 2.3% national increase but a 0.6% decrease in Dublin according to the latest Residential Property Price Index from the CSO.

Irish house prices have seen a mixed trend in the past year, with a national increase of 2.3% but a decrease of 0.6% in Dublin, according to the latest Residential Property Price Index from the Central Statistics Office (CSO). In Dublin, house prices fell by 0.7% and apartment prices were down by 0.4%. The highest house price growth in Dublin was in Fingal at 0.8%, while Dún-Laoghaire Rathdown saw a decline of 1.5%. Outside Dublin, house prices saw a significant increase of 4.5% and apartment prices rose by 5%. The Mid-West region (Clare, Limerick, and Tipperary) saw the largest rise in house prices at 6.2%, while the West (Galway, Mayo, and Roscommon) and Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 3.5% rise.

In October, there were 4,604 dwelling purchases by households at market prices filed with the Revenue Commissioners, marking a 7.2% increase compared to the previous year. The median price of a dwelling purchased in the 12 months to October 2023 was €323,000. The lowest median price for a house in the same period was €160,000 in Longford, while the highest median price was €630,000 in Dún Laoghaire-Rathdown. The most expensive Eircode area over the 12 months to October 2023 was A94 'Blackrock' with a median price of €730,000, while F45 'Castlerea' had the least expensive price of €135,000.

The Irish housing market has shown a varied performance across different regions, with Dublin experiencing a decline while other areas saw significant growth. The median prices also reflect the diversity of the market, with some areas commanding much higher prices than others.