Ireland

Home prices outside Dublin rose 3.1% in year to August

There was a national increase in the RPPI by 0.9% in the year to August (Andrew Matthews/PA)
There was a national increase in the RPPI by 0.9% in the year to August (Andrew Matthews/PA)
By Cillian Sherlock, PA

The price of homes in areas outside Dublin increased by 3.1% 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% over the same period.

It means there was a national increase in the RPPI by 0.9% in the year to August.

In August 2023, 4,640 homes were purchased – an 8% increase compared to the same month of 2022.

The median price of a home purchased in the year to August 2023 was 320,000 euro.

The most expensive Eircode area over the 12 months to August 2023 was A94 Blackrock with a median price of 735,000 euro, while F45 Castlerea had the least expensive price of 135,000 euro.

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%. The highest house price growth in Dublin was in Fingal at 0.2%, while Dun Laoghaire-Rathdown saw a decline of 3.9%.

“Outside Dublin, house prices were up by 3.1% and apartment prices grew by 1.8%. The region outside of Dublin that saw the largest rise in house prices was the South West (Cork, Kerry) at 4.4%, 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% rise.”

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