Residential Property Price Index September 2019

Volume and Value

4,103 household dwelling purchases were filed with Revenue in September. This represents a 7.4% increase compared to the 3,821 purchases in September 2018 and a 4.0% increase compared with the 3,947 purchases in August 2019. The total value of transactions filed in September was €1.2 billion.

New and Existing Dwellings

Existing dwellings accounted for 3,353 (81.7%) of the dwellings purchased in September, an increase of 6.7% compared to September 2018. The balance of 750 (18.3%) were new dwellings, an increase of 10.6% compared to September 2018 (See Figure 2.1).

Buyer Type

45,192 household dwelling purchases were filed with Revenue in the year to September. Of these, 14,195 (31.4%) were purchases by first-time buyer owner-occupiers, while former owner-occupiers purchased 23,811 (52.7%). The balance of 7,186 (15.9%) were acquired by non-occupiers (see Figure 2.2).

Revenue data shows that there were 1,325 first-time buyer purchases in September 2019, an increase of 15.0% on the 1,152 recorded in September 2018. These purchases were made up of 386 new dwellings and 939 existing dwellings.

Median Price

Households paid a median price of €255,000 for a dwelling on the residential property market in the 12 months to September 2019.

The Dublin was the county the highest median price (€368,000) in the year to September. Within Dublin, Dún Laoghaire-Rathdown had the highest median price (€527,000), while Fingal had the lowest (€340,000).

The highest median prices outside Dublin were in Wicklow (€323,500) and Kildare (€304,999), while the lowest price was €106,250 in Leitrim (See Figure 2.3).

Mean Price

Households paid a mean price of €294,487 for a dwelling on the residential property market in the 12 months to September 2019.

The mean price in Dublin (€438,711) was the highest of any county. Dún Laoghaire-Rathdown had the highest mean price in the Dublin region at €598,373, while South Dublin had the lowest at €365,920.

Outside of Dublin, the Mid-East was the most expensive region, with a mean price of €299,532. Wicklow was the most expensive county in the Mid-East region, with a mean price of €355,639 and the second most expensive county in Ireland, after Dublin.

The Border region was the least expensive region in the year to September 2019, with a mean price of €142,923. Leitrim (in the Border region) was the least expensive county, with a mean price of €123,357. (see figure 2.4).

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.

The StatBank Tables are available here