Residential Property Price Index April 2022

Volume and Value

In April, 3,446 dwelling purchases by households at market prices were filed with Revenue. This represents a 9.8% increase compared to the 3,138 purchases in April 2021 and a 12% decrease compared with the 3,918 purchases in March 2022. The total value of transactions filed in April was €1.1 billion.

New and Existing Dwellings

Existing dwellings accounted for 2,895 (84.0%) of the dwelling purchases filed in April, an increase of 8.2% compared to April 2021. The balance of 551 (16.0%) were new dwellings, an increase of 19.3% compared to April 2021. See Figure 3.1.

Buyer Type

In the year to April, 47,106 dwelling purchases by households at market prices were filed with Revenue. Of these, 15,233 (32.3%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 25,170 (53.4%). The balance of 6,703 (14.2%) were acquired by non-occupiers. See Figure 3.2.

Revenue data shows that there were 1,104 first-time buyer purchases in April 2022, an increase of 17.9% on the 936 recorded in April 2021. These purchases were made up of 301 new dwellings and 803 existing dwellings.

 

Median Price

Households paid a median price of €286,000 for a dwelling on the residential property market in the 12 months to April 2022.

The Dublin region had the highest median price (€410,000) in the year to April. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€605,000), while South Dublin had the lowest (€375,000).

The highest median prices outside of Dublin were in Wicklow (€395,000) and Kildare (€345,000), while the lowest price was €137,000 in Longford. See Figure 3.3.

Mean Price

Households paid a mean price of €334,722 for a dwelling on the residential property market in the 12 months to April 2022.

The mean price in Dublin (€512,502) was the highest in any region or county. Dún Laoghaire-Rathdown had the highest mean price in the Dublin region at €713,514, while South Dublin had the lowest at €407,734.

Outside of Dublin, the Mid-East was the most expensive region, with a mean price of €346,881. Wicklow was the most expensive county, with a mean price of €444,967.

The Border region was the least expensive region in the year to April 2022, with a mean price of €176,488. Longford (in the Midland region) was the least expensive county, with a mean price of €151,558. See Figure 3.4.

 

Note 

Neither median nor mean prices are appropriate for measuring the evolution of property prices as the mix of houses sold in different periods can change over time. The Residential Property Price Index is the definitive measure of property price trends.

 

For further Information see tables on PxStat