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Volume up 0.5% compared to November 2018

Table 2.1: Household market transactions filed with Revenue
MonthVolume Value (million)Median PriceMean Price
October 20184,134€1,253.1€256,000€303,113
November 20184,285€1,241.0€250,000€289,615
December 20184,307€1,278.4€260,000€296,815

Volume and Value

4,307 residential dwelling purchases were filed with Revenue in December by households. This represents a 0.9% decrease compared to the 4,344 purchases in December 2017 and a rise of 0.5% compared with the 4,285 purchases in November 2018. The total value of transactions filed in December was €1.3 billion.

New and Existing Dwellings

Existing dwellings accounted for 3,438 or 79.8% of the dwellings purchased in December, a decrease of 0.8% compared to December 2017. The balance of 869 (or 20.2%) were new dwellings, a decrease of 1.1% compared to December 2017 (See Figure 2.1).

 

X-axis labelNewExisting
Jan-10372610
Feb-10449824
Mar-106021005
Apr-10538955
May-105771146
Jun-105371190
Jul-105261362
Aug-105351418
Sep-105161382
Oct-104191153
Nov-105191219
Dec-104111037
Jan-113501026
Feb-11358876
Mar-11351987
Apr-11254854
May-11322991
Jun-113351040
Jul-112751200
Aug-112391140
Sep-112911298
Oct-112251152
Nov-112301361
Dec-112341422
Jan-122471163
Feb-122101072
Mar-122241077
Apr-121591007
May-122371305
Jun-122271216
Jul-122631626
Aug-122271674
Sep-122211465
Oct-122601717
Nov-124752631
Dec-122691708
Jan-133591988
Feb-131801168
Mar-132191170
Apr-131951359
May-132561532
Jun-132011465
Jul-132822090
Aug-132611971
Sep-132671961
Oct-132752179
Nov-133062246
Dec-134052233
Jan-143712385
Feb-142551575
Mar-142831928
Apr-143111941
May-143332159
Jun-143302172
Jul-144162884
Aug-143132592
Sep-144173045
Oct-143713033
Nov-144142719
Dec-145383632
Jan-155263671
Feb-153462668
Mar-153792785
Apr-153672467
May-153642493
Jun-153912605
Jul-154503300
Aug-153642913
Sep-153743208
Oct-154063096
Nov-153813042
Dec-154833359
Jan-163922745
Feb-163412580
Mar-163312519
Apr-164222489
May-164232667
Jun-164712706
Jul-164882966
Aug-164743077
Sep-164643180
Oct-164663070
Nov-166213351
Dec-166243283
Jan-174972940
Feb-174402470
Mar-174782824
Apr- 174862302
May-176392817
Jun-175622879
Jul-176243254
Aug-176123399
Sep-176383027
Oct-176563250
Nov-177313493
Dec-178793465
Jan-186832900
Feb-185552547
March-186332524
Apr-186602510
May-187092834
June-186792670
July-188143290
Aug-187373207
Sep-186783143
Oct-187583376
Nov-188243461
Dec-188693438

Buyer Type

44,499 market dwellings purchases were filed with Revenue in the year to December. Of these, 13,495 (30.3%) were purchases by first-time buyer owner-occupiers, while former owner-occupiers purchased 23,064 (51.8%). The balance of 7,940 (17.8%) were acquired by non-occupiers (see Figure 2.2).

Revenue data shows that there were 1,382 first-time buyer purchases in December 2018, an increase of 9.8% on the 1,259 recorded in December 2017. These purchases were composed of 445 new dwellings and 937 existing dwellings.

Buyer Type
30.3%
First-Time Buyer
13495
51.8%
Former Owner-Occupier
23064
17.8%
Non-Occupier
7940

Median Price

Households paid a median price of €248,000 for a dwelling on the residential property market in the 12 months to December 2018.

The Dublin region had the highest median price (€368,000) in the year to December. Within the Dublin region Dún Laoghaire-Rathdown had the highest median price (€535,000), while Fingal had the lowest (€327,000).

The highest median prices outside Dublin were in Wicklow (€315,000) and Kildare (€294,999), while the lowest were €94,500 in Longford and €100,000 in Leitrim (See Figure 2.3).

Mean Price

Households paid a mean price of €290,927 for a dwelling on the residential property market in the 12 months to December 2018.

The mean price in Dublin (€446,215) was the highest in any region or county. Dún Laoghaire-Rathdown had the highest mean price in the Dublin region at €620,586, while South Dublin had the lowest at €360,723.

Outside of Dublin the Mid-East was the most expensive region with a mean price of €292,182. Wicklow was the most expensive county in the Mid-East region, with a mean price of €357,377, and the second most expensive county in Ireland, after Dublin.

The Border region was the least expensive region in the year to December 2018 with a mean price of €135,439. Longford (in the Midland region) was the least expensive county, with a mean price of €106,749 (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

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