House price inflation in Ireland remained strong in October with values rising at a rate of almost 10%.
The latest residential property price index from the Central Statistics Office (CSO), indicates prices nationally increased by 9.7% in the year to October, down from a rate of 10% the previous month.
The latest report shows that prices are still on the rise as the market grapples with a lack of supply.
Prices in Dublin rose at a rate of 10.4% year-on-year with values outside the capital increasing by 9.2%.
In the 12 months to October 2024, house prices in Dublin rose by 10.9% while apartment prices increased by 8.4%. The highest house price growth in Dublin was in Dublin City at 12.6% while Dún Laoghaire-Rathdown saw a rise of 8.1%.
Outside Dublin, house prices were up by 9.4% and apartment prices increased by 5.9%. The region outside of Dublin that saw the largest rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 14.4%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 7.5% rise.
In October 2024, 4,881 dwelling purchases by households at market prices were filed with the Revenue Commissioners, an increase of 6.0% when compared with the 4,604 purchases in October 2023.
Households paid a median or mid-point price of €350,000 for a residential property in the 12 months to October 2024. The lowest median price paid for a dwelling was €179,000 in Leitrim, while the highest was €645,000 in Dún Laoghaire-Rathdown.
The most expensive Eircode area over the 12 months to October 2024 was D06 'Dublin 6' with a median price of €725,000, while H23 'Clones' had the least expensive price of €118,500.”
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