Property prices have now been increasing for the last 18 months in-a-row, according to the latest figures from the Central Statistics Office (CSO).
Their latest Residential Property Price Index show that prices increased by 8.0% in the 12 months to February 2025.
While this was down from 8.2% in the year to January 2025, showing that the rate of house price inflation is easing, overall house prices are continuing to grow as supply continues to outweigh demand.
In Dublin, residential property prices saw an increase of 7.1%, while property prices outside Dublin were 8.7% higher in February 2025 when compared with a year earlier.
In the 12 months to February 2025, house prices in Dublin rose by 7.7% while apartment prices increased by 5.3%. The highest house price growth in Dublin was in Fingal at 9.0% while both Dún Laoghaire-Rathdown and South Dublin saw a rise of 7.2%.
Outside Dublin, house prices were up by 9.0% and apartment prices rose by 4.9%. The region outside of Dublin that saw the largest growth in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 13.4%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 5.8% rise.
Households paid a median or mid-point price of €360,000 for a residential property in the 12 months to February 2025. The highest median price paid for a dwelling was €670,000 in Dún Laoghaire-Rathdown, while the lowest was €185,000 in Leitrim.
The most expensive Eircode area over the 12 months to February 2025 was A94 'Blackrock' with a median price of €747,750, while F45 'Castlerea' had the least expensive price of €148,000.
In February 2025, 3,245 dwelling purchases by households at market prices were filed with the Revenue Commissioners, a decrease of 2.5% when compared with the 3,327 purchases in February 2024.
The total value of transactions filed in February 2025 was €1.4 billion. This was made up of 2,645 existing dwellings with a value of €1.1 billion and 600 new dwellings with a value of €284.6 million.
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