Irish house price growth continues to slow – CSO

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%.

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