The rate of residential property price increases has eased to 3.9% in the year to the end of March, according to the latest national price index from the Central Statistics Office (CSO).
This is down from a 5.1% increase in the year to February and the high value of 15.1% in the 12 months to February and March 2022.
The report found that the index increased by 3.9% in the 12 months to March 2023, with prices in Dublin rising by 1.7% and prices outside Dublin up by 5.7%.
In Dublin, house prices increased by 1.6% and apartment prices were up by 2.1%. The highest house price growth in Dublin was in South Dublin at 6.9%, while Dublin City saw a decline of 1.2%.
Outside Dublin, house prices were up by 5.9% and apartment prices rose by 2.6%. The region outside of Dublin that saw the largest rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, Sligo) at 8.4%, while at the other end of the scale, the Mid-West (Clare, Limerick, Tipperary) saw a 2.8% rise.
In March 2023, 4,132 dwelling purchases by households at market prices were filed with the Revenue Commissioners, an increase of 5.4% compared with the 3,921 purchases in March 2022.
Households paid a median or mid-point price of €310,000 for a residential property in the 12 months to March 2023. The lowest median price paid for a dwelling was €154,000 in Longford, while the highest was €635,000 in Dún Laoghaire-Rathdown.
The most expensive Eircode area over the 12 months to March 2023 was A94 'Blackrock' with a median price of €750,000, while F35 'Ballyhaunis' had the least expensive price of €126,000."
