Residential property prices for houses and apartments increased by 15.2% nationally in the year to March, according to the latest figures from the Central Statistics Office (CSO).
This compares to an increase of 15.1% in the year to February 2022 and an increase of 3.5% in the 12 months to March 2021.
In Dublin, residential property prices saw an increase of 12.7% in the year to March, while property prices outside Dublin were 17.3% higher.
In Dublin, house prices increased by 12.6% and apartment prices increased by 12.9%. The highest house price growth in Dublin was in Dublin City at 13.8%, while South Dublin saw a rise of 11.3%.
Outside Dublin, house prices were up by 17.3% and apartment prices up by 17.6%. The region outside of Dublin that saw the largest rise in house prices was the Border at 25.1%, while at the other end of the scale, the Mid-East saw a 15.2% rise.
Overall, the national index is 2.1% lower than its highest level in 2007. Dublin residential property prices are 10.1% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 3.3% lower than their May 2007 peak.
Property prices nationally have increased by 118.2% from their trough in early 2013. Dublin residential property prices have risen 122.5% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 122.5% higher than at the trough, which was in May 2013.
In March 2022, 3,918 dwelling purchases by households at market prices were filed with Revenue, a decrease of 0.8% compared to the 3,951 purchases in March 2021.
Existing dwellings accounted for 3,288 (83.9%) of the dwelling purchases filed with the Revenue Commissioners in March 2022, the balance of 630 (16.1%) were new dwellings.
The median price of a dwelling purchased in the 12 months to March 2022 was €285,000.
The lowest median price for a house in the 12 months to March 2022 was €136,500 in Longford, while the highest median price was €601,000 in Dún Laoghaire-Rathdown.
