Residential property prices grew by 9.6% in the year to July – their highest growth rate in 21 months.
That’s according to the latest figures from the Central Statistics Office (CSO), which saw prices continue to rise – up from 8.6% in the year to June.
This is the 11th month-in-a-row that the CSO have recorded an increase in residential property prices.
Their latest report also shows that prices in Dublin rose by 10.3% in the 12 months to July, with prices outside Dublin up by 9.1%.
In the 12 months to July 2024, house prices in Dublin rose by 10.9% while apartment prices increased by 8%. The highest house price growth in Dublin was in South Dublin at 12.1% while Dún Laoghaire-Rathdown saw a rise of 8.3%.
Outside Dublin, house prices were up by 9% and apartment prices increased by 10.6%. The region outside of Dublin that saw the largest rise in house prices was the Mid-West (Clare, Limerick, and Tipperary) at 13.4%, while at the other end of the scale, the South-East (Carlow, Kilkenny, Waterford, and Wexford) saw a 6.1% rise.
In July 2024, 4,723 dwelling purchases by households at market prices were filed with the Revenue Commissioners, an increase of 13.2% when compared with the 4,174 purchases in July 2023.
Households paid a median or mid-point price of €340,000 for a residential property in the 12 months to July 2024. The lowest median price paid for a dwelling was €171,000 in Longford, while the highest was €630,000 in Dún Laoghaire-Rathdown.
The most expensive Eircode area over the 12 months to July 2024 was D06 'Dublin 6' with a median price of €750,000, while F45 'Castlerea' had the least expensive price of €140,000.”
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