Annual house price growth slows slightly to 7.5%

House prices in Ireland grew at an average annual rate of 7.5 per cent in April, according to the Central Statistics Office (CSO).

The headline rate of house price inflation was essentially unchanged from March’s 7.6 per cent and down from 8 per cent in February, the CSO said on Thursday.

The annual rate of price growth in Dublin, where supply shortages are most acute, accelerated slightly from 6 per cent in March to 6.2 per cent in April.

Outside Dublin, house prices were up 8.6 per cent in the 12 months to the end of April, the CSO said, essentially unchanged from March.

The median or midpoint price of a home purchased over the period was €365,000, down slightly from €362,500 in the 12 months to March.

Dún Laoghaire-Rathdown remained the most expensive local authority area in the Republic, with the median price of a home sold standing at €670,000.

The A94 Eircode in Blackrock, Co Dublin, was the most expensive postcode with a median price of €750,000.