Property prices see a 16-month dip, according to Central Statistics Office data
In July 202x, the Irish housing market continued to show signs of growth, according to the Central Statistics Office (CSO). The median price for a home in the 12 months to July remained consistent at €195,000 in both Donegal and Leitrim, marking the lowest median price across the country.
On the other hand, the most expensive Eircode area in July was A94 (Blackrock, Dublin) with a median price of €795,000. This was followed by A98 (Bray, Wicklow) and A63 (Greystones, Wicklow), with median prices of €549,999 and €515,000 respectively.
Dublin residential property prices have seen a significant increase, with prices now 6.8% higher than their February 2007 peak. Prices in the Rest of Ireland, however, are 23% higher than their May 2007 peak. In July, Dublin City saw a house price growth of 7.7%, while the South-East (Carlow, Kilkenny, Waterford, and Wexford) and the South-West (Cork and Kerry) both experienced an 8.1% increase.
The Midlands (Laois, Longford, Offaly, and Westmeath) saw the highest house price growth outside Dublin at 10.9% in July. Apartment prices in Dublin rose by 5.3%, while property prices outside Dublin were up by 8.7%.
The total value of transactions filed in July was €2.1 billion, with €1.5 billion in existing homes and €550.7m in new homes. However, the residential property price growth in July decreased slightly from 7.9% in June to 7.5%.
Notably, the highest median price for a home in the 12 months to July was €675,000 in Dun Laoghaire-Rathdown. Property prices in Dublin rose by 6% in July, with Dun Laoghaire-Rathdown experiencing a house price rise of 4.7%. On the other hand, F45 (Castlerea, Roscommon) had the lowest price of €150,000 in July.
Overall, the Irish housing market continues to show positive signs of growth, with prices increasing across the country, particularly in Dublin and the more expensive Eircode areas. However, it's important to note that these figures are subject to changes and should be monitored closely.
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