Property prices are continuing to increase and are up 9.7% in According to the latest data from the Central Statistics Office, in the 12 months to October, reports RTE.
House prices in Dublin rose by 10.4%, while the cost of buying a home outside the capital rose by 9.2%.
The data comes a week after the Economic and Social Research Institute warned that the housing market was 10% overvalued.
Nationally, house prices have risen by 156.9% since their low point in early 2013 and are 15.2% above the previous peak during the boom in April 2007, reports RTE.
The median price of a home in the 12 months to October was €350,000, the CSO said. The lowest price was in Leitrim at €179,000 and the highest was in Dún Laoghaire-Rathdown at €645,000.
“In the 12 months to October 2024, house prices in Dublin rose by 10.9% while apartment prices increased by 8.4%,” CSO statistician Niall Corkery said, reports RTE.
He pointed out that Dún Laoghaire-Rathdown witnessed an increase of 8.1% in home prices, while Dublin City experienced the largest increase at 12.6%.
Outside of Dublin, flat prices rose 5.9% and house prices surged 9.4%.
“The region outside of Dublin that saw the largest rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 14.4%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 7.5% rise,” Mr Corkery added, reports RTE.
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