Irish residential prices jump by 8.6%, highest since October 2022

Residential property prices across Ireland rose by 8.6 per cent in the year leading up to the end of June, according to new data from the Central Statistics Office.

This is the tenth consecutive month of annual house price growth and the highest rate of property price inflation since October 2022.

On a monthly basis, property prices, measured by the Residential Property Price Index, jumped by a 0.7 per cent rise in June, in comparison to 0.4 per cent in May.

In Dublin, property prices saw an increase of 9.3 per cent over the year to June, while prices outside the capital rose by 8.2 per cent.

Nationally, the median price for a home purchased during this period was €337,500. The lowest median price was recorded in Longford at €169,000, whereas the highest was in Dún Laoghaire-Rathdown at €630,000.

Meanwhile, house prices in Dublin surged by 10 per cent over the year, with apartment prices in the capital rising by 6.6 per cent. Outside Dublin, house prices increased by 8 per cent, and apartment prices saw a notable rise of 10 per cent.

The mid-west region, encompassing Clare, Limerick, and Tipperary, experienced the largest increase in house prices outside Dublin, with a 12 per cent rise. In contrast, the southeast region, including Carlow, Kilkenny, Waterford, and Wexford, recorded the lowest growth rate at 5.6 per cent.

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