The difference in prices between the least expensive and most expensive areas is quite staggering.
In news that will come as a surprise to absolutely nobody,
Dublin 4 was the most expensive area in which to buy a house in Ireland in 2017.
Determined by Eircode area in figures released by the CSO on Wednesday, it was revealed that the mean price of a house in Dublin 4 in 2017 was a cool
€734,721.
Similarly unsurprising was the news that the ten most expensive Eircode areas for household dwelling purchases were all in Dublin, with
Dublin 6 (mean price of €729,427) and
Glenageary (mean price of €696,999) ranking in second and third place respectively.
The least expensive Eircode area in the capital was
Dublin 10, where mean prices in 2017 were just over €200,000 (€202,056).
At the other end of the scale, the least expensive Eircode area in 2017 was
Castlerea in Roscommon, where the mean price was just €76,025, almost ten times less expensive than Dublin 4.
Ballyhaunis in Mayo (mean price of €76,098) and
Clones in Monaghan (mean price of €84,420) were the second and third least expensive Eircode areas; the map below gives an indication of mean prices throughout the Republic of Ireland.
Image via cso.ie
Outside of Dublin, the most expensive Eircode area was
Greystones in Wicklow (mean dwelling price of €414,244), followed by
Bray, also in Wicklow, (€383,862) and
Kinsale in Cork (€358,750).
Overall, the Residential Property Price Index showed that, in the year to December 2017, residential property prices at national level increased by 12.3%, compared with an increase of 11.4% in the year to November and an increase of 9.0% in the 12 months to December 2016.
Figures released in a Daft.ie report earlier this week revealed that rent prices in Ireland have also skyrocketed and that there were 3,143 properties available to rent nationwide on 1 February, the lowest number ever recorded for this time of year since the series started in 2006.
The Residential Property Price Index can be read in full
here.
