The Central Statistics Office (CSO) have published the latest Residential Property Price Index (RPPI) for September 2023. The Index has increased by 1.4% in the 12 months to September 2023, with prices in Dublin decreasing by 1.9% and prices outside Dublin up by 4%.
Key findings are as follows:
- In September 2023, 4,255 dwelling purchases by households at market prices were filed with the Revenue Commissioners, down by 7.2% when compared with the 4,583 purchases in September 2022.
- The median price of a dwelling purchased in the 12 months to September 2023 was €320,000.
- The lowest median price for a house in the 12 months to September 2023 was €160,000 in Longford, while the highest median price was €635,000 in Dún Laoghaire-Rathdown.
Comparing the data to historical index figures, the national index has reached the value of 170.0; 3.9% above its highest peak during the property boom in April 2007. Overall, property prices nationally have increased by 131.7% from their low at the start of 2013.
For new properties, prices have risen by 10.4% in the year compared to Q3 2022. This continues the trend of new dwelling unit prices increasing, reflecting the demand for supply of quality new homes which the industry is striving to meet, whilst facing ongoing issues with the planning system.
The full set of data can be accessed here: https://www.cso.ie/en/releasesandpublications/ep/p-rppi/residentialpropertypriceindexseptember2023/