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Residential property prices rise by 5.4% in January – CSO

New figures from the Central Statistics Office show that residential property prices rose by 5.4% in the 12 months to January, up from 4.1% the previous month.

The CSO said that Dublin residential property prices saw an increase of 4.5%, while property prices outside Dublin were 6.1% higher than a year earlier.

Today’s CSO figures show that in the 12 months to January 2024, house prices in Dublin rose by 4.7% while apartment prices rose by 3.9%.

The CSO noted that the highest house price growth in Dublin was in Dublin City at 6.2% while Dún Laoghaire-Rathdown saw a rise of 2.6%.

Outside of Dublin, house prices were up by 6% and apartment prices rose by 7.4%.

The region outside of Dublin that saw the biggest increase in house prices was the Mid-West (Clare, Limerick, and Tipperary) with growth of 9.5%.

At the other end of the scale, the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) saw a 2.4% rise.

Today’s CSO figures show that the median or mid-point price for a home stood at €330,000 in January.

It noted that the lowest median price paid for a home was €165,000 in Leitrim, while the highest was €620,000 in Dún Laoghaire-Rathdown.

Meanwhile, the most expensive Eircode area was A94 “Blackrock” with a median price of €720,000, while F45 “Castlerea” had the least expensive price of €134,000.

Today’s figures show that a total of 3,621 homes at market prices were filed with Revenue in January, a decrease of 1.5% when compared with the 3,675 purchases the same month last year.

The total value of transactions filed in January was €1.4 billion.

Existing dwellings accounted for 77.7% of the home deals filed in January, down 6% on the same time last year. 22.3% were new dwellings, an increase of 18.4%, the CSO said.

Revenue data also shows there were 1,304 first-time buyer purchases in January, an increase of 4.9% on the 1,243 recorded in January of last year.

Article Source – Residential property prices rise by 5.4% in January – CSO – RTE

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