Residential Property Price Index January 2020

Volume and Value

In January, 3,691 household dwelling purchases were filed with Revenue. This represents a 2.6% increase compared to the 3,599 purchases in January 2019, and a 15.9% decrease compared with the 4,391 purchases in December 2019. The total value of transactions filed in January was €1.1 billion.

New and Existing Dwellings

Existing dwellings accounted for 2,923 (79.2%) of the dwelling purchases filed in January, a decrease of 1.3% compared to January 2019. The balance of 768 (20.8%) were new dwellings, an increase of 20.4% compared to January 2019 (See Figure 2.1).

 

Buyer Type

In the year to January, 45,368 household dwelling purchases were filed with Revenue. Of these, 14,456 (31.9%) were purchases by first-time buyer owner-occupiers, while former owner-occupiers purchased 23,956 (52.8%). The balance of 6,956 (15.3%) were acquired by non-occupiers (see Figure 2.2).

Revenue data shows that there were 1,127 first-time buyer purchases in January 2020, an increase of 0.4% on the 1,123 recorded in January 2019. These purchases were made up of 346 new dwellings and 781 existing dwellings.

Median Price

Households paid a median price of €260,000 for a dwelling on the residential property market in the 12 months to January 2020.

The Dublin region had the highest median price (€370,000) in the year to January. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€525,000), while South Dublin had the lowest (€345,000).

The highest median prices outside Dublin were in Wicklow (€327,500) and Kildare (€309,999), while the lowest price was €104,000 in Leitrim (See Figure 2.3).

Mean Price

Households paid a mean price of €296,132 for a dwelling on the residential property market in the 12 months to January 2020.

The mean price in Dublin (€437,645) was the highest in any region or county. Dún Laoghaire-Rathdown had the highest mean price in the Dublin region at €602,724, while South Dublin had the lowest at €361,851.

Outside of Dublin, the Mid-East was the most expensive region, with a mean price of €304,027. Wicklow was the most expensive county in the Mid-East region, with a mean price of €362,548.

The Border region was the least expensive region in the year to January 2020, with a mean price of €145,668. Leitrim (in the Border region) was the least expensive county, with a mean price of €117,825. (see figure 2.4).