House prices now higher than peak Celtic Tiger boom
Houses in Dublin are rising by 2.7% and prices outside Dublin are up by 5.7%
Property prices are now higher than the Celtic Tiger boom with an increase by 4.4% in the last year.
The latest Residential Property Price Index, published by the Central Statistics Office (CSO) reflected that the median price of a home purchased in the 12 months to December 2023 was €327,500.
The lowest median price for a dwelling in the 12 months to December 2023 was €165,000 in Leitrim, while the highest median price was €622,250 in Dún Laoghaire-Rathdown.
Houses in Dublin are rising by 2.7% and prices outside Dublin are up by 5.7%.
In December 2023, 5,063 dwelling purchases by households at market prices were filed with the Revenue Commissioners, down by 2.9% when compared with the 5,213 purchases in December 2022.
Commenting on the release, Niall Corkery, statistician in the prices division, said: “Residential property prices rose by 4.4% in the 12 months to December 2023, up from 3.1% in the year to November 2023. In Dublin, residential property prices saw an increase of 2.7%, while property prices outside Dublin were 5.7% higher in December 2023 than a year earlier. However, 2023 had the highest volume of transactions since 2012, when prices were at their lowest."