The Central Statistics Office (CSO) published the Residential Property Price Index (RPPI) November 2021 this week on January 19, 2022.
Commenting on the release, statistician Viacheslav Voronovich said: “Residential property prices rose by 14% in the 12 months to November 2021, up from 13.3% in October. In Dublin, residential property prices saw an increase of 12.8%, while property prices outside Dublin were 15% higher.”
“In Dublin, house prices increased by 13.5% and apartment prices increased by 9.7%. The highest house price growth in Dublin was in Dún Laoghaire-Rathdown at 15.5%, while Fingal saw a rise of 10.8%.”
He deduced that, “Outside Dublin, house prices were up by 14.8% and apartment prices up by 17.5%. The region outside of Dublin that saw the largest rise in house prices was the Border at 23.4%, while at the other end of the scale, the Mid-East and the Mid-West saw a 12.6% rise.”
“Existing dwellings accounted for 3,798 (83.2%) of the dwelling purchases filed with the Revenue Commissioners in November 2021, the balance of 768 (16.8%) were new dwellings.”
“Households paid a median price of €276,000 for a residential property in the 12 months to November 2021.”
“The lowest median price paid for a dwelling was €129,000 in Longford, while the highest was €590,00 in Dún Laoghaire-Rathdown,” he concluded.
LSL News.