Press Statement

Preasráiteas

12 July 2022

Go to release: Residential Property Price Index May 2022

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

Commenting on the release, Viacheslav Voronovich, Statistician, said: “Residential property prices rose by 14.4% in the 12 months to May 2022, marginally down from 14.5% in the year to April 2022. In Dublin, residential property prices saw an increase of 11.7%, while property prices outside Dublin were 16.6% higher than a year earlier.

In Dublin, house prices increased by 11.9% and apartment prices by 11.3%. The highest house price growth in Dublin was in Dublin City at 14.1%, while Dún Laoghaire-Rathdown saw a rise of 9.2%.

Outside Dublin, house prices were up by 16.8% and apartment prices rose by 14.0%. The region outside of Dublin that saw the largest rise in house prices was the South-East at 21.5%, while at the other end of the scale, house prices in the Mid-West increased by 11.4%.

Existing dwellings accounted for 3,079 (82.5%) of the dwelling purchases filed with the Revenue Commissioners in May 2022, the balance of 652 (17.5%) were new dwellings.

Households paid a median or mid-point price of €290,000 for a residential property in the 12 months to May 2022. The lowest median price paid for a dwelling was €138,000 in Longford, while the highest was €601,000 in Dún Laoghaire-Rathdown.”

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