Property prices up by 8.1% in 12 months to January this year – CSO

By Cate McCurry, PA

Property prices jumped by 8.1 per cent in the 12 months to January this year, according to figures released by the Central Statistics Office (CSO).

Property prices in Dublin rose by 7.5 per cent and prices outside Dublin were up by 8.6 per cent compared with January 2024.

The median price of a dwelling purchased in the 12 months to January this year was €359,999, figures showed.

The highest median price for a dwelling was €662,349 in Dun Laoghaire-Rathdown, while the lowest was €180,000 in Leitrim.

The national Residential Property Price Index increased by 8.1% in the 12 months to January 2025https://t.co/LBdqEEiWLH#CSOIreland #Ireland #Housing #HousingConstruction #HouseBuilding #NewDwellings #PropertyPrices #HousePrices #PlanningPermissions #IrishBusiness pic.twitter.com/qvaiJqE3vK

— Central Statistics Office Ireland (@CSOIreland) March 19, 2025

The most expensive Eircode area over the 12 months to January 2025 was Blackrock with a median price of €743,500, while Clones in Co Monaghan had the least expensive price of €133,000.

In January this year, 3,801 dwelling purchases by households at market prices, with a value of €1.6 billion, were filed with the Revenue Commissioners, an increase of 5 per cent when compared with the 3,621 purchases in January 2024.

These purchases were made up of 2,824 existing dwellings with a value of €1.2 billion, and 977 new dwellings with a value of 459 million euro.

Revenue data shows that there were 1,504 first-time buyer purchases in January 2025.

Outside of the capital, house prices were up by 8.9 per cent and apartment prices rose by 5 per cent.

The region outside of Dublin that saw the largest growth in house prices was the border – which includes Cavan, Donegal, Leitrim, Monaghan, and Sligo – at 12.7 per cent, while at the other end of the scale, the mid-east – Kildare, Louth, Meath, and Wicklow – saw a 5.8 per cent rise.

Niall Corkery, statistician in the CSO prices division, said: “Residential property prices rose by 8.1 per cent in the 12 months to January 2025, down from 8.8 per cent in the year to December 2024.

“In Dublin, residential property prices saw an increase of 7.5 per cent, while property prices outside Dublin were 8.6 per cent higher in January 2025 when compared with a year earlier.”

Property prices nationally have increased by 160.7 per cent from early 2013.

Dublin residential property prices have risen by 158.3 per cent from their February 2012 low, whilst residential property prices in the rest of Ireland are 171.8 per cent higher than May 2013.