Press Statement

Preasráiteas

12 August 2022

Go to release: Residential Property Price Index June 2022

The Central Statistics Office (CSO) has today (12 August 2022) published the Residential Property Price Index (RPPI) June 2022.

Commenting on the release, Viacheslav Voronovich, Statistician in the Prices Division, said: “The RPPI has reached the value of 163.6 points for June 2022, which is equal to its highest level recorded at the peak of the property boom, in April 2007.

Residential property prices rose by 14.1% in the last 12 months, down from 14.4% in the year to May 2022. In Dublin, residential property prices saw an increase of 11.8%, while property prices outside Dublin were 16.0% higher than a year earlier.

In Dublin, house prices increased by 11.9% and apartment prices by 11.2%. The highest house price growth in Dublin was in Dublin City at 13.8%, while Dún Laoghaire-Rathdown saw a rise of 10.1%.

Outside Dublin, house prices were up by 16.1% and apartment prices rose by 14.4%. The region outside of Dublin that saw the largest 12-months rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, Sligo) at 20.1%, while at the other end of the scale, house prices in the Mid-West (Clare, Limerick, Tipperary) increased by 11.9%.

Existing dwellings accounted for 3,308 (80.9%) of the dwelling purchases filed with the Revenue Commissioners in June 2022, while the balance of 779 (19.1%) were new dwellings.

Households paid a median or mid-point price of €290,000 for a residential property in the 12 months to June 2022. The lowest median price paid for a dwelling was €140,000 in Longford, while the highest was €605,000 in Dún Laoghaire-Rathdown.”

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