Press Statement

Preasráiteas

16 May 2022

Go to release: Residential Property Price Index March 2022

The Central Statistics Office (CSO) has today (16 May 2022) published the Residential Property Price Index (RPPI) March 2022.

Commenting on the release, Viacheslav Voronovich, Statistician, said: “Residential property prices rose by 15.2% in the 12 months to March 2022, up from 15.1% in February 2022. In Dublin, residential property prices saw an increase of 12.7%, while property prices outside Dublin were 17.3% higher.

In Dublin, house prices increased by 12.6% and apartment prices by 12.9%. The highest house price growth in Dublin was in Dublin City at 13.8%, while South Dublin saw a rise of 11.3%.

Outside Dublin, house prices were up by 17.3% and apartment prices rose by 17.6%. The region outside of Dublin that saw the largest rise in house prices was the Border at 25.1%, while at the other end of the scale, house prices in the Mid-East increased by 15.2%.

Existing dwellings accounted for 3,288 (83.9%) of the dwelling purchases filed with the Revenue Commissioners in March 2022, the balance of 630 (16.1%) were new dwellings.

Households paid a median or mid-point price of €285,000 for a residential property in the 12 months to March 2022. The lowest median price paid for a dwelling was €136,500 in Longford, while the highest was €601,000 in Dún Laoghaire-Rathdown.”

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