Property prices have increased for the sixth month in-a-row, according to the latest figures from the Central Statistics Office (CSO).
Their report shows that residential property prices rose by 6.1% in the 12 months to February, up from 5.4% the previous month.
The latest Residential Property Price Index shows that prices in Dublin have risen by 5.6%, with prices outside the capital up by 6.5% when compared with a year earlier.
In the 12 months to February 2024, house prices in Dublin rose by 5.9% while apartment prices rose by 4.5%. The highest house price growth in Dublin was in Dublin City at 7.7% while Fingal saw a rise of 4.5%.
Outside Dublin, house prices were up by 6.3% and apartment prices rose by 9.1%. The region outside of Dublin that saw the largest rise in house prices was the Mid-West (Clare, Limerick, and Tipperary) at 10.8%, while at the other end of the scale, the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) saw a 1.3% rise.
In February 2024, 3,327 dwelling purchases by households at market prices were filed with the Revenue Commissioners, a decrease of 0.7% when compared with the 3,351 purchases in February 2023.
Households paid a median or mid-point price of €330,000 for a residential property in the 12 months to February 2024. The lowest median price paid for a dwelling was €165,000 in Leitrim, while the highest was €620,000 in Dún Laoghaire-Rathdown.
The most expensive Eircode area over the 12 months to February 2024 was A94 'Blackrock' with a median price of €715,025, while F45 'Castlerea' had the least expensive price of €135,000.
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