Press Statement

Preasráiteas

15 June 2022

Go to release: Residential Property Price Index April 2022

The Central Statistics Office (CSO) has today (15 June 2022) published the Residential Property Price Index (RPPI) April 2022 including an additional chapter on the non-household sector for 2021.

Commenting on results for April 2022 included in the release, Viacheslav Voronovich, Statistician, said: “Residential property prices rose by 14.2% in the 12 months to April 2022, down from 15.1% in the year to March 2022. In Dublin, residential property prices saw an annual increase of 11.5%, while property prices outside Dublin were 16.4% higher than a year earlier.

In Dublin, house prices increased by 11.3% and apartment prices were up by 12.8%. The highest house price growth in Dublin was in Dublin City at 12.7%, while Dun Laoghaire-Rathdown saw a rise of 9.0%.

Outside Dublin, house prices were up by 16.4% and apartment prices rose by 16.3%. The region outside of Dublin that saw the largest rise in house prices was the Border at 22.1%, while at the other end of the scale, house prices in the Mid-West increased by 11.7%.

The median or mid-point price of a dwelling purchased in the 12 months to April 2022 was €286,000.

Commenting on the property transactions by non-household entities in 2021, Viacheslav added: “In 2021, non-household entities purchased 11,733 dwellings at market prices, a slight increase of 0.3% on the 11,701 purchases made by them in 2020. The total value of the purchases by non-household entities in 2021 was €3.5 billion, an increase of just 0.2% on the 2020 value.

Non-household entities belonging to NACE sector O,P,Q: Public/Education/Health purchased residential dwellings with a total value of €1,053.1 million in 2021, more than in any other NACE sector. Section K: Financial and Insurance was the second largest, with the total value of dwelling purchases of €846.1 million.”

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