The national Residential Property Price Index (RPPI) increased by 8.0% in the 12 months to February 2025, down from 8.2% in the year to January 2025.
Property prices in Dublin rose by 7.1% and prices outside Dublin were up by 8.7% compared with February 2024.
The median price of a dwelling purchased in the 12 months to February 2025 was €360,000.
The highest median price for a dwelling in the 12 months to February 2025 was €670,000 in Dún Laoghaire-Rathdown, while the lowest median price was €185,000 in Leitrim.
In February 2025, 3,245 dwelling purchases by households were filed with the Revenue Commissioners at a total value of €1.4 billion. These purchases were made up of 2,645 existing dwellings and 600 new dwellings.
Revenue data shows there were 1,195 first-time buyer purchases in February 2025.
Residential property prices rose by 8.0% in the 12 months to February 2025, down from 8.2% in the year to January 2025. In Dublin, residential property prices saw an increase of 7.1%, down from 7.6% in the 12 months to January 2025. Property prices outside Dublin were 8.7% higher in February 2025 when compared with a year earlier, no change, from 8.7% in the year to January 2025. (See Figure 1 and Table 1).
RPPI is based on Revenue stamp duty returns, which have a 44 day submission deadline. To account for this fact and also for late filings, the RPPI for the latest three months is provisional and subject to revision. See Background Notes
In the 12 months to February 2025, house prices nationally rose by 8.5% while apartment prices increased by 5.2%. In Dublin, house prices grew by 7.7%, and apartment prices were up by 5.3%. Outside Dublin, house prices were up by 9.0% while apartment prices rose by 4.9%.
In Dublin, the highest house price growth was in Fingal at 9.0% while both Dún Laoghaire-Rathdown and South Dublin saw a rise of 7.2%. The regions outside of Dublin that saw the largest growth in house prices were the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 13.4%, and the Mid-West (Clare, Limerick, and Tipperary) at 12.6%. At the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 5.8% rise in house prices (See Figure 2).
The national index has now reached the value of 191.9, which is 17.3% above its highest level at the peak of the property boom in April 2007. Dublin residential property prices are 4.4% higher than their February 2007 peak, while residential property prices in the Rest of Ireland are 18.8% higher than their May 2007 peak.
Property prices nationally have increased by 161.6% from their trough in early 2013. Dublin residential property prices have risen by 158.5% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 173.3% higher than at the trough, which was in May 2013 (See Figure 3).
Households paid a median price of €360,000 for a dwelling on the residential property market in the 12 months to February 2025.
The Dublin region had the highest median price (€475,000) in the year to February. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€670,000), while Fingal had the lowest (€450,000).
The highest median prices outside of Dublin were in Wicklow (€455,000) and Kildare (€405,000), while the lowest median price was €185,000 in Leitrim (See Map 1).
In the year to February, the Eircode area with the highest median price for household dwelling purchases was A94 'Blackrock' (€747,750). The five most expensive Eircode areas by median price were in Dublin. The second most expensive Eircode area was A96 'Glenageary', where the median price was €725,000. The third most expensive Eircode area was D14 'Dublin 14' which had a median price of €715,000.
The Eircode area with the least expensive median price within Dublin was D10 'Dublin 10', where the median price was €306,000.
Outside of Dublin the most expensive Eircode area over the last twelve months was A98 'Bray', with a median price of €549,999. The second most expensive Eircode area was A63 'Greystones' with a median price of €510,000.
The least expensive Eircode area over the last 12 months was F45 'Castlerea', with a median price of €148,000. The second least expensive Eircode area was H23 'Clones', with a median price of €150,000. The third least expensive Eircode area was F35 'Ballyhaunis', which had a median price of €153,000 (See Map 2).
Neither median nor mean prices are appropriate for measuring the evolution of property prices as the mix of dwellings sold in different periods can change over time. The Residential Property Price Index is the definitive measure of property price trends.
In February 2025, 3,245 dwelling purchases by households at market prices were filed with Revenue. This represents a 2.5% decrease compared with the 3,327 purchases in February 2024 and a 14.6% decrease compared with the 3,801 purchases in January 2025.
Existing dwellings accounted for 2,645 (81.5%) of the dwelling purchases filed in February, a decrease of 5.9% compared with February 2024. The balance of 600 (18.5%) were new dwellings, which was an increase of 16.3% compared with February 2024 (See Figure 4).
The total value of dwelling purchases by households at market prices filed with Revenue was €1.4 billion in February 2025. This represents a 9.2% increase compared with the €1.2 billion worth of purchases in February 2024 and a 16.1% decline compared with the €1.6 billion worth of purchases in January 2025.
Existing dwellings accounted for €1.1 billion (79.0%) of the dwelling purchases filed in February, an increase of 5.5% compared with February 2024. The balance of €284.6 million (21.0%) were new dwellings, a rise of 25.8% compared with February 2024 (See Figure 5).
In the year to February, 48,873 dwelling purchases by households at market prices were filed with Revenue. Of these, 17,847 (36.5%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 25,720 (52.6%). The balance of 5,306 (10.9%) were acquired by non-occupiers (See Figure 6).
Revenue data shows there were 1,195 first-time buyer purchases in February 2025, an increase of 2.8% on the 1,162 recorded in February 2024. These purchases were made up of 366 new dwellings and 829 existing dwellings.
| Buyer Type | |
| 36.5%First-Time Buyer | 17847 |
| 52.6%Former Owner-Occupier | 25720 |
| 10.9%Non-Occupier | 5306 |
The price indices for new and existing dwellings are produced on a quarterly basis and at the national level only. This is due to the low transaction numbers for new dwellings, which would result in a highly volatile monthly index. Pooling the transactions over a quarter, rather than a month, allows for the calculation of more robust estimates of price change.
The most recent figures were published on 19 February 2025, as part of the Residential Property Price Index December 2024 release.
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Statistician's Comment
The Central Statistics Office (CSO) has today (16 April 2025) published the Residential Property Price Index (RPPI) February 2025.
Commenting on the release, Niall Corkery, Statistician in the Prices Division, said: “Residential property prices rose by 8.0% in the 12 months to February 2025, down from 8.2% in the year to January 2025. In Dublin, residential property prices saw an increase of 7.1%, while property prices outside Dublin were 8.7% higher in February 2025 when compared with a year earlier.
Residential Property Price Index
In the 12 months to February 2025, house prices in Dublin rose by 7.7% while apartment prices increased by 5.3%. The highest house price growth in Dublin was in Fingal at 9.0% while both Dún Laoghaire-Rathdown and South Dublin saw a rise of 7.2%.
Outside Dublin, house prices were up by 9.0% and apartment prices rose by 4.9%. The region outside of Dublin that saw the largest growth in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 13.4%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a 5.8% rise.
Median Property Prices
Households paid a median or mid-point price of €360,000 for a residential property in the 12 months to February 2025. The highest median price paid for a dwelling was €670,000 in Dún Laoghaire-Rathdown, while the lowest was €185,000 in Leitrim.
The most expensive Eircode area over the 12 months to February 2025 was A94 'Blackrock' with a median price of €747,750, while F45 'Castlerea' had the least expensive price of €148,000.
A table of median prices by Eircode area is available, as is our Interactive App where you can explore the median property price by Eircode area.
Volume and Value of Purchases
In February 2025, 3,245 dwelling purchases by households at market prices were filed with the Revenue Commissioners, a decrease of 2.5% when compared with the 3,327 purchases in February 2024. The total value of transactions filed in February 2025 was €1.4 billion. This was made up of 2,645 existing dwellings with a value of €1.1 billion, and 600 new dwellings with a value of €284.6 million.”