The national Residential Property Price Index (RPPI) increased by 14.4% in the 12 months to May 2022, according to a Central Statistics Office (CSO) report. Prices in Dublin rose by 11.7% while prices outside Dublin increased by 16.6%
The Residential Property Price Index shows that in May 2022, 3,731 dwelling purchases by households at market prices were filed with the Revenue, an increase of 16.3% compared to the 3,207 purchases in May 2021
The median price of a dwelling purchased in the 12 months to May 2022 was €290,000.
The lowest median price for a house in the 12 months to May 2022 was €138,000 in Longford, while the highest median price was €601,000 in Dún Laoghaire-Rathdown.
In Dublin, house prices increased by 11.9% and apartment prices by 11.3%. The highest house price growth in Dublin was in Dublin City at 14.1%, while Dún Laoghaire-Rathdown saw a rise of 9.2%.
Outside Dublin, house prices were up by 16.8% while apartment prices rose by 14.0%. The region outside of Dublin that saw the largest rise in house prices was the South-East at 21.5%. At the other end of the scale, house prices in the Mid-West increased by 11.4%.
Existing dwellings accounted for 3,079 (82.5%) of the dwelling purchases filed with the Revenue Commissioners in May 2022. The balance of 652 (17.5%) were new dwellings.