The Central Statistics Office (CSO) published the Residential Property Price Index (RPPI) for January 2022 last week.
Reviewing the figures, statistician Viacheslav Voronovich comments that: “Residential property prices rose by 14.8% in the 12 months to January 2022, up from 14.3% in December 2021. In Dublin, residential property prices saw an increase of 13.3%, while property prices outside Dublin were 16% higher.”
“In Dublin, house prices increased by 13.6% and apartment prices by 11.8%. The highest house price growth in Dublin was in Dublin City at 15.1%, while South Dublin saw an increase of 12.3%.”
The report shows that outside of Dublin, house prices were up by 15.9% and apartment prices up by 17.5%.
The region outside of Dublin that saw the largest rise in house prices was the Border at 24.7%, while at the other end of the scale, the Mid-West saw a 13.8% rise.
Existing dwellings accounted for 2,899 (82.4%) of the dwelling purchases filed with the Revenue Commissioners in January 2022, the balance of 618 (17.6%) were new dwellings.
Households paid a median or mid-point price of €280,000 for a residential property in the 12 months to January 2022. The lowest median price paid for a dwelling was €130,000 in Longford, while the highest was €595,000 in Dún Laoghaire-Rathdown.”
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