The national Residential Property Price Index increased by 7.9% in the 12 months to April 2024
Online ISSN: 2009-5236
CSO statistical publication, , 11am
Key Findings
- The national Residential Property Price Index (RPPI) increased by 7.9% in the 12 months to April 2024, with prices in Dublin rising by 8.3% and prices outside Dublin up by 7.6%.
- In April 2024, 3,572 dwelling purchases by households at market prices were filed with the Revenue Commissioners, up by 9.5% when compared with the 3,262 purchases in April 2023.
- The median price of a dwelling purchased in the 12 months to April 2024 was €335,000.
- The lowest median price for a dwelling in the 12 months to April 2024 was €169,000 in Longford, while the highest median price was €624,999 in Dún Laoghaire-Rathdown.
Historical Trends
The national index has now reached the value of 179.2, which is 9.6% above its highest level at the peak of the property boom in April 2007. Dublin residential property prices are 1.8% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 10.2% higher than their May 2007 peak.
Property prices nationally have increased by 144.3% from their trough in early 2013. Dublin residential property prices have risen by 143.3% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 153.7% higher than at the trough, which was in May 2013. See Figure 1.3.
https://www.cso.ie/en/releasesandpublications/ep/p-rppi/residentialpropertypriceindexapril2024/
Statistician’s Comment
The Central Statistics Office (CSO) has today (19 June 2024) released Residential Property Price Index (RPPI) April 2024.
Commenting on the release, Niall Corkery, Statistician in the Prices Division, said: “Residential property prices rose by 7.9% in the 12 months to April 2024, up from 7.4% in the year to March 2024. In Dublin, residential property prices saw an increase of 8.3%, while property prices outside Dublin were 7.6% higher in April 2024 when compared with a year earlier.
Property Prices by Type and Region
In the 12 months to April 2024, house prices in Dublin rose by 8.8% while apartment prices increased by 6.2%. The highest house price growth in Dublin was in South Dublin at 10.5% while Fingal saw a rise of 7.1%.
Outside Dublin, house prices were up by 7.3% and apartment prices increased by 10.3%. The region outside of Dublin that saw the largest rise in house prices was the Mid-West (Clare, Limerick, and Tipperary) at 9.7%, while at the other end of the scale, the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) saw a 5.4% rise.
In April 2024, 3,572 dwelling purchases by households at market prices were filed with the Revenue Commissioners, an increase of 9.5% when compared with the 3,262 purchases in April 2023.
Households paid a median or mid-point price of €335,000 for a residential property in the 12 months to April 2024. The lowest median price paid for a dwelling was €169,000 in Longford, while the highest was €624,999 in Dún Laoghaire-Rathdown.
The most expensive Eircode area over the 12 months to April 2024 was A94 ‘Blackrock’ with a median price of €720,000, while F45 ‘Castlerea’ had the least expensive price of €133,000.” A table of median prices by Eircode area is available, as is our Interactive App where you can explore the median property price by Eircode area.