In the twelve months leading up to December 2022, residential property prices climbed by 7.8%, according to the most recent data from the Central Statistics Office.
5,213 household purchases of homes at market rates were reported to Revenue in December, an increase of 0.8% from the same month in 2021.
Overall, the median price of a home in the year to December was €305,000, with Dn Laoghaire-Rathdown having the highest median price (€625,000) and Longford having the lowest (€152,000).
The price of homes increased by over 8% throughout the course of the year, but it was slightly lower than in prior months.
Prices increased by 8.5% in the twelve months leading up to November 2022, moving lower than the yearly increases of 9.6% in October and 10.7% in September.
The highest annual growth was recorded by homes in the west of the country, which increased by 14.9%, followed by homes in the Border area (up 11.5 per cent).
The cost of new residential properties increased by 10% in the last quarter of 2022 compared to the same time in 2021, while the price of existing homes increased by 8.3%.