Press Statement

Preasráiteas

16 March 2022

Go to release: Residential Property Price Index January 2022

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

Commenting on the release, Viacheslav Voronovich, Statistician, said: “Residential property prices rose by 14.8% in the 12 months to January 2022, up from 14.3% in December 2021. In Dublin, residential property prices saw an increase of 13.3%, while property prices outside Dublin were 16% higher.

In Dublin, house prices increased by 13.6% and apartment prices by 11.8%. The highest house price growth in Dublin was in Dublin City at 15.1%, while South Dublin saw a rise of 12.3%.

Outside Dublin, house prices were up by 15.9% and apartment prices up by 17.5%. The region outside of Dublin that saw the largest rise in house prices was the Border at 24.7%, while at the other end of the scale, the Mid-West saw a 13.8% rise.

Existing dwellings accounted for 2,899 (82.4%) of the dwelling purchases filed with the Revenue Commissioners in January 2022, the balance of 618 (17.6%) were new dwellings.

Households paid a median or mid-point price of €280,000 for a residential property in the 12 months to January 2022. 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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