According to the most recent data from the Central Statistics Office, property values increased by 8.1% for the 12 months ending in January of this year, reports RTE.
In Dublin, the cost of purchasing a property increased by 7.5%, while prices outside the city increased by 8.6%.
According to today’s data, the median price of a home nationwide in January was €359,999, reports RTE.
Leitrim had the lowest price at €180,000, while Dún Laoghaire-Rathdown had the highest at €662,349.
According to current statistics, the cost of purchasing a home is still rising, albeit at a somewhat slower rate than in the past. Prior to August of last year, prices increased by 10.1%, reports RTE.
But as of right today, prices are 16.9% higher than when the real estate bubble peaked in 2007.
Since its lowest point in early 2013, the cost of purchasing a home has increased by 160.7%, reports RTE.
According to the CSO, A94 “Blackrock” had the highest median price of any Eircode region for the 12 months ending in January, at €743,500, while H23 “Clones” had the lowest, at €133,000.
“The region outside of Dublin that saw the largest growth in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 12.7%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 5.8% rise,” the CSO said, reports RTE.
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