The latest statistics released by the Central Statistics Office (CSO) show that residential property prices increased by 14.1% nationally in the year to June 2022. This compares with an increase of 14.4% in the year to May 2022 and an increase of 6.8% in the 12 months to June 2021.
In Dublin, residential property prices saw an increase of 11.8% in the year to June 2022, while property prices outside the city were 16.0% higher than a year earlier.
According to the report, Dublin house prices increased by 11.9% and apartment prices were up by 11.2%. The highest house price growth was in Dublin City at 13.8%, while Dún Laoghaire-Rathdown saw a rise of 10.1%.
Outside Dublin, house prices were up by 16.1%. Apartment prices rose by 14.4%. The Border region saw the largest increase at 20.1%, while at the other end of the scale the Mid-West saw a 11.9% rise.
The national index has now reached the value of 163.6 points, which is equal to its highest level at the peak of the property boom in April 2007. Dublin residential property prices are 8.1% lower than their February 2007 peak, while residential property prices in the rest of Ireland are 1.3% lower than their May 2007 peak.
Property prices nationally have increased by 123.0% from their trough in early 2013.