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Dec 15, 2022 - 14:30

Property price growth slowed to 15 month low in October

MyHome Content Studio
By MyHome Content Studio
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Property price growth slowed to 15 month low in October

Annual property price growth slowed to a 15-month low of 9.8% in October, down from a peak of over 15% earlier this year, according to the latest Residential Property Price Index from the Central Statistics Office (CSO).

Property prices grew 0.4 per cent in October from the previous month, a six-month low, according to the data. The overall figure was down from 10.7% in the year to September.

In Dublin, house prices increased by 8.5% and apartment prices were up by 7.6%. The highest house price growth in Dublin was in South Dublin at 10.9%, while Dublin City saw a rise of 7.2%.

Outside Dublin, house prices were up by 11.3% and apartment prices rose by 7.5%. The region outside of Dublin that saw the largest rise in house prices was the West (Galway, Mayo, Roscommon) at 16.3%, while at the other end of the scale, the South-West (Cork, Kerry) saw a 9.2% rise.

In October 4,296 dwelling purchases by households at market prices were filed with the Revenue Commissioners, a decrease of 0.9% compared with the 4,335 purchases in October 2021.

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The median price of a dwelling purchased in the 12 months to October 2022 was €300,000.

The lowest median price for a house in the 12 months to October 2022 was €148,000 in Longford, while the highest median price was €620,000 in Dún Laoghaire-Rathdown.

The most expensive Eircode area over the last 12 months was A94 'Blackrock', with a median price of €732,500, while F35 'Ballyhaunis' was the least expensive at €124,500.

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MyHome Content Studio
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