Residential property prices up by 10% in September – CSO
Property prices are continuing to accelerate and are up 10% in the 12 months to September, according to the latest figures from the Central Statistics Office.
The latest figures show that prices rose by 10.8% in Dublin and 9.4% outside the capital.
The median cost of buying a home nationally was €346,000. The lowest prices were in Longford where the median price was €175,000 and the highest was €637,500 in Dun Laoghaire-Rathdown.
Today’s CSO figures show that house prices in Dublin rose by 11.5% while apartment prices increased by 8.2% in September.
The highest house price growth in Dublin was in Fingal at 13.5% while Dún Laoghaire-Rathdown saw a rise of 8.9%.
Outside Dublin, house prices were up by 9.6% and apartment prices increased by 7.9%.
The region outside of Dublin that saw the largest rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 15.3%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 7.5% rise.
The figures show that the most expensive Eircode area over the 12 months to September was A94 ‘Blackrock’ with a median price of €716,000, while H23 ‘Clones’ had the least expensive price of €135,000.
Property prices nationally have increased by 155% from their trough in early 2013 in the aftermath of the financial crash.
Prices are now 14.4% above their highest level at the peak of the property boom in April 2007.
CSO statistician Niall Corkery said that in the 12 months to September 2024, house prices in Dublin rose by 11.5% while apartment prices increased by 8.2%.
“The highest house price growth in Dublin was in Fingal at 13.5% while Dún Laoghaire-Rathdown saw a rise of 8.9%,” he said.
“Outside Dublin, house prices were up by 9.6% and apartment prices increased by 7.9%,” he added.
The CSO said that a total of 4,167 home purchases were filed with Revenue in September, a decrease of 2.1% when compared with the 4,255 purchases the same month last year.
Article Source – Residential property prices up by 10% in September – CSO – RTE
