Following a peak of over 15% earlier this year, annual property price growth slowed to a 15-month low of 9.8% in October, according to new data.
The Central Statistics Office (CSO) data showed that property prices increased 0.4% from the previous month in October, which was a six-month low.
When compared to the previous year, residential real estate prices in Dublin rose by 8.3% annually, while those outside the city rose by 11%.
Dublin saw an 8.5% increase in home prices and a 7.6% increase in apartment prices. South Dublin saw the highest increase in home prices in Dublin, at 10.9 percent, while Dublin City saw a rise of 7.2 percent.
House prices outside of Dublin increased by 11.3%, while apartment prices increased by 7.5%. The West (Galway, Mayo, and Roscommon) experienced the largest increase in house prices outside of Dublin with a 16.3% increase, while the South-West (Cork, Kerry) experienced a 9.2% increase.
A decrease of 0.9% from the 4,335 purchases in October 2021 to 4,296 dwelling purchases by households at market prices was reported to the Revenue Commissioners in October 2022.
In the 12 months leading up to October 2022, households spent €300,000 on a residential property as the median or mid-point price. Longford had the lowest median price paid for a home of €148,000, while Dn Laoghaire-Rathdown had the highest at €620,000.
According to CSO data, A94 Blackrock had the most expensive Eircode area over the past 12 months, with a median price of €732,500, while F35 Ballyhaunis had the least expensive, with a median price of €124,500.