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RPPI inches above previous high in April 2007

14 Sep 2022 property Print

RPPI inches above previous high in April 2007

The most expensive Eircode area over the last twelve months was Blackrock in south Dublin. with a median price of €720,000, according to Central Statistics Office (CSO) data.

The national Residential Property Price Index (RPPI) has reached the value of 164.9 points for July 2022, which is 0.8% above its highest level recorded at the peak of the economic boom in April 2007.

The national RPPI increased by 13% in the 12 months to July, with prices in Dublin rising by 10.4% and prices outside Dublin up by 15.2%.

In July, 4,443 dwelling purchases by households at market prices were filed with Revenue − an increase of 16.2% compared with the 3,822 purchases in July 2021.

Median price of €295,000

The median price of a dwelling purchased in the 12 months to July was €295,000.

The lowest median price for a house in the 12 months to July 2022 was €145,000 in Longford, while the highest median price was €610,000 in Dún Laoghaire-Rathdown. 

Clones in Co Monaghan was the least expensive Eircode at €117,500.

Statistician Viacheslav Voronovich said that the residential-property price rise of 13% in the last 12 months was down from 14% in the year to June 2022. 

In Dublin, house prices increased by 10.5%, and apartment prices were up by 9.6%.

The highest house-price growth in Dublin was in Fingal at 11.8%, while Dún Laoghaire-Rathdown saw a rise of 9.1%.

Outside Dublin, house prices were up by 15.3%, and apartment prices rose by 13.4%.

The region outside of Dublin that saw the largest rise in house prices was the West (Galway, Mayo, Roscommon) at 19.1%, while the Mid-West (Clare, Limerick, Tipperary) saw a 12% rise. 

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