The Central Statistics Office reports that over the 12 months ending in August, the price of residential real estate increased by 10.1%, reports RTE.
Since September 2022, this yearly growth rate has been the greatest.
Prior to the market’s collapse during the financial crisis, prices peaked in April 2007 and are currently 13.4% higher.
According to today’s CSO data, the median house price nationwide was €345,000 last month, reports RTE.
Prices in Longford were €175,000, while the highest prices were €635,000 in Dublin’s Dun Laoghaire Rathdown.
Residential property prices increased by 10.1% in the 12 months ending in August 2024, up from 9.6% in the year ending in July 2024, according to CSO Niall Corkery.
“In Dublin, residential property prices saw an increase of 10.8%, while property prices outside Dublin were 9.6% higher in August 2024 when compared with a year earlier,” he stated, reports RTE.
Outside of Dublin, flat prices rose by 10.1% and house prices by 9.5%.
At 15%, the border area of Cavan, Donegal, Leitrim, Monaghan, and Sligo witnessed the most increase outside the capital, reports RTE.
Conversely, the mid-east region of Kildare, Louth, Meath, and Wicklow saw an 8% increase in prices.
With a median price of €725,000, D06 ‘Dublin 6’ was the most costly Eircode region over the 12 months leading up to August, while H23 ‘Clones’ had the lowest price at €135,000, reports RTE.
According to today’s CSO data, a total of 3,990 properties purchased at market rates were reported to Revenue in August, a 14% drop from the 4,640 transactions made in the same month the previous year.
Since their low point in early 2013, home prices nationwide have risen by 152.9%, according to the CSO.
While property prices in the rest of Ireland are 162.4% higher than at the lowest point in May 2013, Dublin’s home prices have increased by 152.1% from their February 2012 low, reports RTE.
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