The rate of increase in residential property prices nationally continued to slow during the final month of 2022, according to the latest data from the Central Statistics Office (CSO).
The national Residential Property Price Index (RPPI) increased by 7.8% in the 12 months to December 2022, according to the figures, with prices in Dublin rising by 6% and prices outside Dublin up by 9.3%.
Despite these increases, prices were down from 8.5% in the year to November 2022, and from the high values of 15.1% in the 12 months to February and March 2022.
In Dublin, house prices increased by 6.1% and apartment prices were up by 5.4%. The highest house price growth in Dublin was in South Dublin at 11%, while Dublin City saw a rise of 3.5%.
Outside Dublin, house prices were up by 9.6% and apartment prices rose by 5.3%. The region outside of Dublin that saw the largest rise in house prices was the West (Galway, Mayo, Roscommon) at 14.9%, while at the other end of the scale, the South-East (Carlow, Kilkenny, Waterford, Wexford) saw an 6.7% rise.
In December 2022, 5,213 dwelling purchases by households at market prices were filed with the Revenue Commissioners, an increase of 0.8% compared with the 5,170 purchases in December 2021.
Households paid a median or mid-point price of €305,000 for a residential property in the 12 months to December 2022. The lowest median price paid for a dwelling was €152,000 in Longford, while the highest was €625,000 in Dún Laoghaire-Rathdown.
The most expensive Eircode areas over the 12 months to December 2022 were A41 ‘Ballyboughal’ and A94 'Blackrock', both with a median price of €750,000, while F35 'Ballyhaunis' was the least expensive at €126,000."
