The average cost of a home in Ireland is now €280,000.
As the cost of living continues to increase in Ireland, so does the cost of owning a home.
The Residential Property Price Index (RPPI) released by the Central Statistics Office shows that house prices have shot up by a whopping 14.4% in the year to December 2021.
Residential property prices rose to 14.4% in the year to Decemberhttps://t.co/S71M9nuD0y #CSOIreland #Ireland #Housing #HousingConstruction #HouseBuilding #NewDwellings #PropertyPrices #HousePrices #PlanningPermissions #IrishBusiness #BusinessStatistics #BusinessNews pic.twitter.com/HgBnH1ZpnN
— Central Statistics Office Ireland (@CSOIreland) February 16, 2022
That figure stands at just under 90% (89.7%) of the cost of a home at the very peak of the house price boom in Ireland in 2007; not even 10 years have passed since prices reached a low in 2012, when they were 46.7% of the 2007 peak.
Prices in Dublin increased by 13.1% in the last year, and prices outside of the capital grew by 15.4%.
The highest house price growth in Dublin was in Dublin City at 15%, while Fingal saw a rise of 11.4%.
The region outside of Dublin that saw the largest rise in house prices was the border counties (23.7%), while the Mid-West only saw an increase of 12.1%.
The median price of a house purchased in 2021 was €280,000, with the lowest median price being in Longford (€130,000), and the highest being in Dún Laoghaire-Rathdown (€595,000).
The highest median prices for areas outside of Dublin were in the commuter counties, with the average cost of a home in Wicklow now costing upwards of €390,000, and a house in Kildare having a median price of €336,627.
The mean cost of a house in Dublin was around €500,000.
5,170 purchased houses were filed to Revenue in December 2021, an increase of 3.6% from the same period in 2020.
Property prices have increased by 114% since the lowest point of the crash in 2013.
The cost of building a new house in Ireland has also increased by 115.8% since 2012
Of all purchased homes last year, 22% (1,160) of them were new dwellings.
46,149 homes were purchased throughout the year, with a third of all purchases being made by first-time buyers.
A report published by the Parliamentary Budget Office said that housing was “severely unaffordable” for young people.
“The high cost of housing can lead to deprivation, exclusion, and poverty at the household level and to lower levels of consumption and economic growth at the national level,” the report said.
Without further ado, here’s the median cost of buying a house in all 139 Eircodes in the country.
- A41: Ballyboughal €591,250
- A42: Garristown €380,000
- A45: Oldtown €320000
- A63: Greystones €495000
- A67: Wicklow €330000
- A75: Castleblaney €170000
- A81: Carrickmacross €200000
- A82: Kells €200000
- A83: Enfield €302547
- A84: Ashbourne €300000
- A85: Dunshaughlin €345000
- A86: Dunboyne €385000
- A91: Dundalk €242250
- A92: Drogheda €282102
- A94: Blackrock €700000
- A96: Glenageary €635000
- A98: Bray €430000
- C15: Navan €271000
- D01: Dublin 1 €330000
- D02: Dublin 2 €389500
- D03: Dublin 3 €450000
- D04: Dublin 4 €695000
- D05: Dublin 5 €423750
- D06: Dublin 6 €586000
- D07: Dublin 7 €385000
- D08: Dublin 8 €350000
- D09: Dublin 9 €410000
- D10: Dublin 10 €255500
- D11: Dublin 11 €292000
- D12: Dublin 12 €355000
- D13: Dublin 13 €422000
- D14: Dublin 14 €622500
- D15: Dublin 15 €365000
- D16: Dublin 16 €531250
- D17: Dublin 17 €263500
- D18: Dublin 18 €542500
- D20: Dublin 20 €375000
- D22: Dublin 22 €332000
- D24: Dublin 24 €342500
- D6W: Dublin 6W €595000
- E21: Cahir €160000
- E25: Cashel €162000
- E32: Carrick-on-Suir €171750
- E34: Tipperary €137500
- E41: Thurles €170000
- E45: Nenagh €194000
- E53: Roscrea €160000
- E91: Clonmel €188500
- F12: Claremorris €140000
- F23: Castlebar €175000
- F26: Ballina €148000
- F28: Westport €215000
- F31: Ballinrobe €142000
- F35: Ballyhaunis €112000
- F42: Roscommon €172500
- F45: Castlerea €110000
- F52: Boyle €135000
- F56: Ballymote €117000
- F91: Sligo €167500
- F92: Letterkenny €148500
- F93: Lifford €129000
- F94: Donegal €139950
- H12: Cavan €157500
- H14: Belturbet €115000
- H16: Cootehill €140500
- H18: Monaghan €180000
- H23: Clones €96000
- H53: Ballinasloe €168000
- H54: Tuam €185000
- H62: Loughrea €225000
- H65: Athenry €260000
- H71: Clifden €187500
- H91: Galway €300000
- K32: Balbriggan €270017
- K34: Skerries €439000
- K36: Malahide €490000
- K45: Lusk €332500
- K56: Rush €320000
- K67: Swords €380000
- K78: Lucan €370000
- N37: Athlone €196500
- N39: Longford €131000
- N41: Carrick-on-Shannon €136000
- N91: Mullingar €215000
- P12: Macroom €227500
- P14: Crookstown €376491
- P17: Kinsale €367000
- P24: Cobh €235000
- P25: Midleton €284857
- P31: Ballincollig €335000
- P32: Rylane €226000
- P36: Youghal €200000
- P43: Carrigaline €316750
- P47: Dunmanway €187500
- P51: Mallow €173000
- P56: Charleville €142000
- P61: Fermoy €210000
- P67: Mitchelstown €175000
- P72: Bandon €235000
- P75: Bantry €185000
- P81: Skibbereen €265000
- P85: Clonakilty €307999
- R14: Athy €193500
- R21: Mhuine Bheag €175000
- R32: Portlaoise €205000
- R35: Tullamore €205000
- R42: Birr €150000
- R45: Edenderry €195000
- R51: Kildare €274999
- R56: Curragh €311250
- R93: Carlow €210000
- R95: Kilkenny €245000
- T12: Cork Southside €315000
- T23: Cork Northside €250000
- T34: Carrignavar €325000
- T45: Glanmire €314999
- T56: Watergrasshill €289999
- V14: Shannon €153750
- V15: Kilrush €150000
- V23: Caherciveen €190000
- V31: Listowel €160000
- V35: Kilmallock €170000
- V42: Newcastle West €172500
- V92: Tralee €186500
- V93: Killarney €240000
- V94: Limerick €232095
- V95: Ennis €210000
- W12: Newbridge €312000
- W23: Celbridge €389493
- W34: Monasterevin €267000
- W91: Naas €343750
- X35: Dungarvan €225000
- X42: Kilmacthomas €245000
- X91: Waterford €200000
- Y14: Arklow €225000
- Y21: Enniscorthy €210000
- Y25: Gorey €240000
- Y34: New Ross €180000
- Y35: Wexford €207000
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