Cost of Laois houses rising faster than in Dublin say figures
Central Statistics Office report on prices in the year to April
The rate at which house prices are rising in Laois and the rest of the Midlands is higher than in Dublin, according to the latest official figures.
The Central Statistics Office (CSO) released the Residential Property Price Index (RPPI) for April 2024 last week. In the 12 months to April 2024, house prices in Dublin rose by 8.8%.
The price of houses in Laois, Offaly, Westmeath and Longford went up on average by 9.1% over the same period.
Midland house prices have also risen faster than the national average for residential property prices. The cost of buying a home rose by 7.9% in the year to the end of April.
Outside Dublin, the cost of new homes were 7.6% higher in April 2024 when compared with a year earlier.
In April 2024, 3,572 dwelling purchases by households at market prices were filed with the Revenue Commissioners, up by 9.5% when compared with the 3,262 purchases in April 2023.
The median price of a dwelling purchased in the 12 months to April 2024 was €335,000.
The national index has now reached a value of 179.2, which is 9.6% above its highest level at the peak of the property boom in April 2007.
The CSO reports that while the Dublin residential property prices are 1.8% lower than their February 2007 peak, residential property prices in the rest of Ireland are 10.2% higher than their May 2007 peak.
Property prices nationally have risen by 144.3% from the 2013 trough. Dublin residential property prices have risen by 143.3% from their February 2012 low, whilst residential property prices in the rest of Ireland are 153.7% higher than the May 2013 trough.