Press Statement

Preasráiteas

16 February 2022

Go to release: Residential Property Price Index December 2021

The Central Statistics Office (CSO) has today (16 February 2022) published the Residential Property Price Index (RPPI) December 2021.

Commenting on the release, Viacheslav Voronovich, Statistician, said: “Residential property prices rose by 14.4% in the 12 months to December 2021, up slightly from 14% in November. In Dublin, residential property prices saw an increase of 13.1%, while property prices outside Dublin were 15.4% higher.

In Dublin, house prices increased by 13.5% and apartment prices by 11.3%. The highest house price growth in Dublin was in Dublin City at 15%, while Fingal saw a rise of 11.4%.

Outside Dublin, house prices were up by 15.3% and apartment prices up by 16.9%. The region outside of Dublin that saw the largest rise in house prices was the Border at 23.7%, while at the other end of the scale, the Mid-West saw a 12.1% rise.

Existing dwellings accounted for 4,010 (77.6%) of the dwelling purchases filed with the Revenue Commissioners in December 2021, the balance of 1,160 (22.4%) were new dwellings.

Households paid a median price of €280,000 for a residential property in the 12 months to December 2021. The lowest median price paid for a dwelling was €130,000 in Longford, while the highest was €595,000 in Dún Laoghaire-Rathdown.”

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