The National Residential Property Price index (RPPI) for June 2024 has increased by 8.6% in the last 12 months, with house prices outside of Dublin up by 8.2%, according to the latest report published by the Central Statistics Office (CSO) today.
The national index is now valued at 181.3, which is 10% more than the highest level reported in April 2007 during the height of the Celtic Tiger, while residential property prices outside of Dublin are 156.7% higher than their lowest figures in May 2013, the report states.
Commenting on the release, statistician in the prices division, Niall Corkery said:
“In Dublin, residential property prices saw an increase of 9.3%, while property prices outside Dublin were 8.2% higher in June 2024 when compared with a year earlier.”
“The region outside of Dublin that saw the largest rise in house prices was the mid-west (Clare, Limerick, and Tipperary) at 12.0%, while at the other end of the scale, the south-east (Carlow, Kilkenny, Waterford, and Wexford) saw a 5.6% rise.”
The national average price paid for residential property between June 2023 to June 2024 was €337,500.
Outside of Dublin, annual house prices were up an average of 8% and apartment prices rose by 10% while Wicklow recorded the highest average residential property prices at €445,00 and Roscommon (€180,000), Donegal (€180,000) and Leitrim (€175,000) saw the lowest figures.
Average house prices
| Wicklow 445,000 | Louth 295,000 | Limerick 270,000 | Carlow 250,000 | Tipperary 215,000 | Cavan 195,000 |
| Kildare 395,047 | Kilkenny 290,000 | Westmeath 268,750 | Clare 250,000 | Monaghan 207,500 | Roscommon 180,000 |
| Meath 355,000 | Galway 289,425 | Wexford 265,000 | Kerry 245,000 | Sligo 205,000 | Donegal 180,000 |
| Cork 340,000 | Waterford 280,500 | Laois 260,000 | Offaly 240,000 | Mayo 201,750 | Leitrim 175,000 |
The Eircodes found to have the the lowest average property prices were F45 Castlerea (€139,000); H23 Clones (€143,000); and F35 Ballyhaunis (€149,000).
€1.4 billion was the total value of residential property purchases in the month of June 2024 alone, with 80.2% of these transactions being for existing dwellings (2,858 homes) and 19.8% for new builds (705 homes).
“‘In June, 3,563 dwelling purchases by households at market prices were filed with Revenue.
“This represents an 11.5% decrease compared with the 4,025 purchases in June 2023 and a 10.9% decrease compared with the 3,997 purchases in May 2024,” said Corkery.
“In the year to June, 48,748 dwelling purchases by households at market prices were filed with Revenue.
“Of these, 17,127 (35.1%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 25,861 (53.1%), the balance of 5,760 (11.8%) were acquired by non-occupiers,” he added.