Property prices increased as house sales fell in the last 12 months

The national Residential Property Price Index (RPPI) increased by 2.2% in the 12 months to June 2023, latest figures from the Central Statistics Office (CSO) show.

Prices in Dublin decreased by 0.9% while prices outside Dublin were up by 4.5%.

There is a massive difference in the average sale price of a house, ranging from €160,000 in Leitrim and Longford to €630,000 in the more expensive parts of Dublin. 

In June 2023, 4,025 dwelling purchases by households at market prices were filed with the Revenue Commissioners, down by 1.7% when compared with the 4,094 purchases in June 2022.

The median price of a dwelling purchased in the 12 months to June 2023 was €318,000.

The lowest median price for a house in the 12 months to June 2023 was €160,000 in Leitrim and Longford, while the highest median price was €630,000 in Dún Laoghaire-Rathdown.

In the 12 months to June 2023, house prices in Dublin fell by 1.1% and apartment prices were down by 0.2%. The highest house price growth in Dublin was in South Dublin at 2.8%, while Dublin City saw a decline of 3.8%.

Outside Dublin, house prices were up by 4.7% and apartment prices rose by 2.3%. The region outside of Dublin that saw the largest rise in house prices was the South-East (Carlow, Kilkenny, Waterford, Wexford) at 5.5%, while at the other end of the scale, the Border region (Cavan, Donegal, Leitrim, Monaghan, Sligo) saw a 3% rise.  

In June 2023, 4,025 dwelling purchases by households at market prices were filed with the Revenue Commissioners, a decrease of 1.7% compared with the 4,094 purchases in June 2022.

Households paid a median or mid-point price of €318,000 for a residential property in the 12 months to June 2023. The lowest median price paid for a dwelling was €160,000 in Leitrim and Longford, while the highest was €630,000 in Dún Laoghaire-Rathdown.

"The most expensive Eircode area over the 12 months to June 2023 was A94 'Blackrock' with a median price of €735,000, while F35 'Ballyhaunis' had the least expensive price of €127,500," Viacheslav Voronovich, statistician in the CSO prices division said.