Residential property prices up 8.1% in 12 months to January
Property prices rose by 8.1% in the 12 months to January this year, according to the latest figures from the Central Statistics Office.
The cost of buying a home rose by 7.5% in Dublin and prices outside the capital were up by 8.6%.
The median price of a dwelling was €359,999 nationally in January, today’s figures show.
The highest was Dún Laoghaire-Rathdown at €662,349, while the lowest was in Leitrim at €180,000.
Today’s figures mean that while the cost of buying a home continues to rise it is doing so as a slightly slower pace than before. In the 12 months to August last year prices were rising by 10.1%.
However, prices are now 16.9% above their highest level at the peak of the property boom in 2007.
The cost of buying a home is 160.7% up from its low point in early 2013.
The CSO said the most expensive Eircode area over the 12 months to January was A94 “Blackrock” with a median price of €743,500, while H23 “Clones” had the least expensive price of €133,000.
“The region outside of Dublin that saw the largest growth in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 12.7%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 5.8% rise,” the CSO said.
Article Source – Residential property prices up 8.1% in 12 months to January – RTE
