The price of homes in areas outside Dublin increased by 3.1 per cent in the 12 months to August, according to figures published by the Central Statistics Office (CSO).
The Residential Property Price Index (RPPI) also shows prices in Dublin decreased by 1.9 per cent over the same period.
It means there was a national increase in the RPPI by 0.9 per cent in the year to August.
In August 2023, 4,640 homes were purchased – an 8 per cent increase compared to the same month of 2022.
The national Residential Property Price Index increased by 0.9% in the 12 months to August 2023https://t.co/TfDjbkoevp#CSOIreland #Ireland #Housing #HousingConstruction #HouseBuilding #NewDwellings #PropertyPrices #HousePrices #BusinessStatistics #BusinessNews pic.twitter.com/CfZsOAAnf7
Advertisement— Central Statistics Office Ireland (@CSOIreland) October 24, 2023
The median price of a home purchased in the year to August 2023 was €320,000.
The most expensive Eircode area over the 12 months to August 2023 was A94 Blackrock with a median price of €735,000, while F45 Castlerea had the least expensive price of €135,000.
CSO statistician Niall Corkery said: “In the 12 months to August 2023, house prices in Dublin fell by 2.3% while apartment prices were down by 0.2 per cent. The highest house price growth in Dublin was in Fingal at 0.2 per cent, while Dun Laoghaire-Rathdown saw a decline of 3.9 per cent.
“Outside Dublin, house prices were up by 3.1 per cent and apartment prices grew by 1.8 per cent. The region outside of Dublin that saw the largest rise in house prices was the South West (Cork, Kerry) at 4.4 per cent, while at the other end of the scale, the Midlands region (Laois, Longford, Offaly, Westmeath) and the West region (Galway, Mayo, Roscommon) both saw a 2.1 per cent rise.”
