The national Residential Property Price Index (RPPI) increased by 10.1% in the 12 months to August 2024, with prices in Dublin rising by 10.8% and prices outside Dublin up by 9.6%.
In August 2024, 3,990 dwelling purchases by households at market prices were filed with the Revenue Commissioners, down by 14.0% when compared with the 4,640 purchases in August 2023.
The median price of a dwelling purchased in the 12 months to August 2024 was €345,000.
The lowest median price for a dwelling in the 12 months to August 2024 was €175,000 in Longford, while the highest median price was €635,000 in Dún Laoghaire-Rathdown.
| Table 1.1 - Residential Property Price Index | Base Year 2015=100 | |||
| Year | Month | Residential Property Price Index | Percentage Change | |
| Over 1 Month | Over 12 Months | |||
| 2023 | August | 168.5 | 0.5 | 1.1 |
| 2024 | May | 180.0 | 0.4 | 8.5 |
| June1 | 181.7 | 0.9 | 8.9 | |
| July1 | 183.9 | 1.2 | 9.6 | |
| August1 | 185.6 | 0.9 | 10.1 | |
| 1The latest three month's RPPI results are provisional and subject to revision. | ||||
The national index has now reached the value of 185.6, which is 13.4% above its highest level at the peak of the property boom in April 2007. Dublin residential property prices are 1.8% higher than their February 2007 peak, while residential property prices in the Rest of Ireland are 14.0% higher than their May 2007 peak.
Property prices nationally have increased by 152.9% from their trough in early 2013. Dublin residential property prices have risen by 152.1% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 162.4% higher than at the trough, which was in May 2013. See Figure 1.3.
RPPI is based on Revenue stamp duty returns, which have a 44 day submission deadline. To account for this fact and also for late filings, the RPPI for the latest three months is provisional and subject to revision. See Background Notes
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Statistician's Comment
The Central Statistics Office (CSO) has today (16 October 2024) released Residential Property Price Index (RPPI) August 2024.
Commenting on the release, Niall Corkery, Statistician in the Prices Division, said: “Residential property prices rose by 10.1% in the 12 months to August 2024, up from 9.6% in the year to July 2024. In Dublin, residential property prices saw an increase of 10.8%, while property prices outside Dublin were 9.6% higher in August 2024 when compared with a year earlier.
Property Prices by Type and Region
In the 12 months to August 2024, house prices in Dublin rose by 11.6% while apartment prices increased by 7.9%. The highest house price growth in Dublin was in Fingal at 12.4% while Dún Laoghaire-Rathdown saw a rise of 10.3%.
Outside Dublin, house prices were up by 9.5% and apartment prices increased by 10.1%. The region outside of Dublin that saw the largest rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 15.1%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw an 8.0% rise.
In August 2024, 3,990 dwelling purchases by households at market prices were filed with the Revenue Commissioners, a decrease of 14.0% when compared with the 4,640 purchases in August 2023.
Households paid a median or mid-point price of €345,000 for a residential property in the 12 months to August 2024. The lowest median price paid for a dwelling was €175,000 in Longford, while the highest was €635,000 in Dún Laoghaire-Rathdown.
The most expensive Eircode area over the 12 months to August 2024 was D06 'Dublin 6' with a median price of €725,000, while H23 'Clones' had the least expensive price of €135,000.”
A table of median prices by Eircode area is available, as is our Interactive App where you can explore the median property price by Eircode area.