Property prices have now risen for 17 months in-a-row following an 8.1% increase in the 12 months to January 2025.
That’s according to the latest figures from the Central Statistics Office (CSO).
While the pace of the increases are slowing – down from 8.8% in December – supply pressures which continue to underpin demand means property prices are continuing to rise throughout the country.
According to their latest Residential Property Price Index, the CSO found that property prices in Dublin rose by 7.5% in January, with prices outside the capital up by 8.6% compared with a year earlier.
In the 12 months to January 2025, house prices in Dublin rose by 7.9% while apartment prices increased by 6.1%. The highest house price growth in Dublin was in Fingal at 9.5% while Dún Laoghaire-Rathdown saw a rise of 6.4%.
Outside Dublin, house prices were up by 8.9% and apartment prices rose by 5.0%. The region outside of Dublin that saw the largest growth in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 12.7%, 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 €359,999 for a residential property in the 12 months to January 2025. The highest median price paid for a dwelling was €662,349 in Dún Laoghaire-Rathdown, while the lowest was €180,000 in Leitrim.
The most expensive Eircode area over the 12 months to January 2025 was A94 'Blackrock' with a median price of €743,500, while H23 'Clones' had the least expensive price of €133,000.
In January 2025, 3,801 dwelling purchases by households at market prices were filed with the Revenue Commissioners, an increase of 5.0% when compared with the 3,621 purchases in January 2024. The total value of transactions filed in January 2025 was €1.6 billion. This was made up of 2,824 existing dwellings with a value of €1.2 billion, and 977 new dwellings with a value of €459.0 million.
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