The only way is up apparently, as the median price of a dwelling in one Dublin area is €725,000.
New statistics from the Central Statistics Office (CSO) have revealed that residential property prices in Ireland increased by 9.7% in the 12 months to October 2024.
Prices within Dublin rose by 10.4%, while prices outside of the capital are up by 9.2%.
The CSO states that in the 12 months to October 2024, house prices in Dublin increased by 10.9% while apartment prices rose by 8.4%.
The highest house price growth in Dublin was in Dublin City at 12.6% while Dún Laoghaire-Rathdown saw a rise of 8.1%.
Outside Dublin, house prices were up by 9.4% and apartment prices increased by 5.9%.
House prices continue to surge upwards!
— Eoin Ó Broin (@EOBroin) December 18, 2024
🆘 +9.7% in year to Oct
🆘 +10.4% in Dublin
🆘 +9.2% elsewhere
🆘 New homes +6.4%
🆘 2nd hand homes +11%
🆘 Median house price €350k
Govt action & inaction are driving prices ever higher! @CSOIreland pic.twitter.com/rZalwDvF3n
The region outside of Dublin that saw the largest rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 14.4%.
At the other end of the scale, meanwhile, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 7.5% rise.
Households paid a median or mid-point price of €350,000 for a residential property in the 12 months to October 2024.
The lowest median price paid for a dwelling was €179,000 in Leitrim, while the highest was €645,000 in Dún Laoghaire-Rathdown.
The most expensive Eircode area over the 12 months to October 2024 was D06 (Dublin 6) with a median price of €725,000, while H23 Clones had the least expensive price of €118,500.
Responding to the figures, Sinn Féin’s spokesperson on housing Eoin Ó Broin accused the Government’s “action and inaction” of increasing house prices.
For more on the figures, visit the CSO’s website right here.
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