Property price growth slowed to 15 month low in October

December 15, 2022 MyHome by MyHome
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.

Advertisement

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.

Tags:
News Buying Finance Selling Central Statistics Office CSO
Woman using mortgage calculator

Mortgage calculator

Ready to start house hunting but need to know how much you'll be paying on your mortgage? Our Irish mortgage repayments calculator will get you the answers you're looking for.

Start now →

Powered by doddl logo