|Table 3.1: Household market transactions filed with Revenue|
Volume and Value
In August, 3,764 dwelling purchases by households at market prices were filed with Revenue. This represents a 59.6% increase compared to the 2,359 purchases in August 2020 and a 1.5% decrease compared with the 3,822 purchases in July 2021. The total value of transactions filed in August was €1.3 billion.
New and Existing Dwellings
Existing dwellings accounted for 3,159 (83.9%) of the dwelling purchases filed in August, an increase of 69.6% compared to August 2020. The balance of 605 (16.1%) were new dwellings, an increase of 22.0% compared to August 2020. See Figure 3.1.
In the year to August, 44,306 dwelling purchases by households at market prices were filed with Revenue. Of these, 14,250 (32.2%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 23,779 (53.7%). The balance of 6,277 (14.2%) were acquired by non-occupiers. See Figure 3.2.
Revenue data shows that there were 1,205 first-time buyer purchases in August 2021, an increase of 51.6% on the 795 recorded in August 2020. These purchases were made up of 316 new dwellings and 889 existing dwellings.
Households paid a median price of €270,000 for a dwelling on the residential property market in the 12 months to August 2021.
The Dublin region had the highest median price (€399,999) in the year to August. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€562,000), while South Dublin had the lowest (€366,875).
The highest median prices outside of Dublin were in Wicklow (€370,000) and Kildare (€330,000), while the lowest price was €124,900 in Leitrim. See Figure 3.3.
Households paid a mean price of €313,619 for a dwelling on the residential property market in the 12 months to August 2021.
The mean price in Dublin (€484,147) was the highest in any region or county. Dún Laoghaire-Rathdown had the highest mean price in the Dublin region at €655,124, while South Dublin had the lowest at €397,037.
Outside of Dublin, the Mid-East was the most expensive region, with a mean price of €330,813. Wicklow was the most expensive county, with a mean price of €417,768.
The Border region was the least expensive region in the year to August 2021, with a mean price of €159,913. Longford (in the Midland region) was the least expensive county, with a mean price of €134,744. See Figure 3.4.
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.
For further Information see tables on PxStat
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