Residential property prices increased by 14.4% nationally in the 12 months to December 2021, according to the latest figures from the Central Statistics Office (CSO).
Their latest report found that prices in Dublin rose by 13.1% in the last 12 months while prices outside Dublin grew by 15.4%.
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.
The median price of a dwelling purchased in the 12 months to December 2021 was €280,000.
In the 12 months to December 2021, the lowest median price for a house was €130,000 in Longford, while the highest median price was €595,000 in Dún Laoghaire-Rathdown.
Commenting on the release, Viacheslav Voronovich, Statistician, said: “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 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.”
