House prices rise 2.3% nationally but decline in Dublin

Michael Bolton

The price of residential properties increased by 2.3 per cent across the country, according to statistics from the Central Statistics Office (CSO).

However, prices in Dublin decreased by 0.6 per cent, while prices outside the capital were up 4.5 per cent.

In October 2023, 4,604 dwelling purchases by households at market prices were filed with the Revenue Commissioners, up by 7.2 per cent when compared with the 4,296 purchases in October 2022.

The median price of a dwelling purchased in the year to October was €323,000.

The lowest median price for a property was €160,000 in Longford, with the highest median price €630,000 in Dún Laoghaire-Rathdown.

Outside of Dublin, the highest median prices were in Wicklow at €427,499, while Kildare was the next expensive with €390,000.

The most expensive Eircode area over the 12 months to October 2023 was A94 ‘Blackrock’ with a median price of €730,000, while F45 ‘Castlerea’ had the least expensive price of €135,000.

By October 2023, there was an increase of 2.8 per cent in first-time buyers compared to a year ago.