Residential property prices rise 14.4%, highest level in six years – CSO

The Central Statistics Office (CSO) has today (16 February 2022) published the Residential Property Price Index (RPPI) in December 2021.

Residential property prices rose by 14.4% in the 12 months to December 2021, up slightly from 14% in November.

In Dublin, residential property prices saw an increase of 13.1%, while property prices outside Dublin were 15.4% higher.

In Dublin, house prices increased by 13.5% and apartment prices by 11.3%.

The highest house price growth in Dublin was in Dublin City at 15%, while Fingal saw a rise of 11.4%.

Outside Dublin, house prices were up by 15.3%, and apartment prices were up by 16.9%.

The region outside of Dublin that saw the largest rise in house prices was the Border at 23.7%, while at the other end of the scale, the Mid-West saw a 12.1% rise.

Existing dwellings accounted for 4,010 (77.6%) of the dwelling purchases filed with the Revenue Commissioners in December 2021, the balance of 1,160 (22.4%) were new dwellings.

Households paid a median price of €280,000 for a residential property in the 12 months to December 2021. The lowest median price paid for a dwelling was €130,000 in Longford, while the highest was €595,000 in Dún Laoghaire-Rathdown.

In December 2021, 5,170 dwelling purchases by households at market prices were filed with Revenue, an increase of 3.6% compared to the 4,988 purchases in December 2020.

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