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05 Jul 2022

Median price of Irish homes over 12 months revealed by CSO

Median price of Irish homes over 12 months revealed by CSO

Homes purchased in Ireland over the last year cost a median amount of almost €300,000. 

That's according to the latest Residential Property Price Index (RPPI) released today (June 15) by the Central Statistics Office (CSO), which reveals the median price of a dwelling in the 12 months to April 2022 was €286,000. 

The RPPI increased by 14% nationally in the same time period, with prices in Dublin rising by 11.5% and prices outside Dublin up by 16.4% compared to a year earlier. 

Commenting on results for April 2022, Statistician Viacheslav Voronovich said, "Residential property prices rose by 14.2% in the 12 months to April 2022, down from 15.1% in the year to March 2022." 

The highest house price growth in Dublin was in Dublin City at 12.7%, while Dun Laoghaire-Rathdown saw a rise of 9.0%.

Outside Dublin, house prices were up by 16.4% and apartment prices rose by 16.3%.

The region outside Dublin which saw the largest rise in house prices was the Border area at 22.1%, while house prices in the Mid-West increased by 11.7%. 

The report also found non-household entities purchased 11,733 dwellings at market prices in 2021, a slight increase of 0.3% on the 11,701 purchases made by them in 2020. 

The same entities in the NACE sector (such as education and health) purchased residential dwellings with a total value of over €1 billion in 2021. 

Industries specialising in finance and insurance were the second largest buyers, with the value of dwelling purchases totalling €846 million. 

Last year, dwellings worth €564.6 million at market prices were purchased by non-household entities with an address outside of Ireland. 

Viacheslav added, "The total value of the purchases by non-household entities in 2021 was €3.5 billion, an increase of just 0.2% on the 2020 value." 

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