Residential property prices rise 8.6% over year to June – CSO
Residential property prices rose by 8.6% nationally in the year to the end of June, new data from the Central Statistics Office shows.
It is the highest rate of property price inflation recorded since October 2022.
The monthly rate of increase continued to accelerate, with prices rising by 0.7% in June compared to 0.4% in May.
In Dublin, prices over the year to June rose by 9.3%, while outside Dublin they were up by 8.2%.
Nationally, the median price of a home purchased over the year to June was €337,500.
The lowest median price for a home was €169,000 in Longford, while the highest median price was €630,000 in Dún Laoghaire-Rathdown.
House prices in the capital rose by 10% over the year, the data shows, while outside Dublin they climbed by 8%.
Dublin apartment prices were 6.6% higher over the year, while outside of Dublin they rose 10%.
The region outside of Dublin that saw the largest rise in house prices was the mid-west, including Clare, Limerick, and Tipperary at 12.0%.
While the southeast, including Carlow, Kilkenny, Waterford, and Wexford saw the lowest rate of increase at 5.6%.
In Dublin, the highest house price growth was in the city at 11.7%, while Dún Laoghaire-Rathdown saw a rise of 8.5%.
Nationally prices are now 10.8% above their highest level at the peak of the property boom in April 2007.
However, Dublin residential property prices are 0.7% lower than their February 2007 peak.
Prices across the rest of the country are 11.5% higher than their May 2007 peak.
Nationally residential property prices have increased by 147.1% from their trough in early 2013.
First time buyers made up 35% of the market in June, with owner-occupiers buying 53% of the properties transacted and nearly 12% being bought by non-occupiers.
Article Source – Residential property prices rise 8.6% over year to June – CSO – RTE
