In July, 4,443 dwelling purchases by households at market prices were filed with Revenue. This represents a 16.2% increase compared with the 3,822 purchases in July 2021 and an 8.7% increase compared with the 4,087 purchases in June 2022. The total value of transactions filed in July was €1.6 billion.
Existing dwellings accounted for 3,563 (80.2%) of the dwelling purchases filed in July, an increase of 10.6% compared with July 2021. The balance of 880 (19.8%) were new dwellings, an increase of 46.4% compared with July 2021. See Figure 3.1.
In the year to July, 48,864 dwelling purchases by households at market prices were filed with Revenue. Of these, 15,917 (32.6%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 26,173 (53.6%). The balance of 6,774 (13.9%) were acquired by non-occupiers. See Figure 3.2.
Revenue data shows that there were 1,442 first-time buyer purchases in July 2022, an increase of 13.5% on the 1,270 recorded in July 2021. These purchases were made up of 469 new dwellings and 973 existing dwellings.
Households paid a median price of €295,000 for a dwelling on the residential property market in the 12 months to July 2022.
The Dublin region had the highest median price (€415,000) in the year to July. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€610,000), while South Dublin had the lowest (€380,000).
The highest median prices outside of Dublin were in Wicklow (€414,000) and Kildare (€353,000), while the lowest price was €145,000 in Longford. See Figure 3.3.
In the year to July, the Eircode area with the highest median price for household dwelling purchases was A94 'Blackrock' (€720,000). The five most expensive Eircode areas by median price were in Dublin. The second most expensive Eircode area was D04 'Dublin 4', where the median price was €670,000. The third most expensive area was 'D06 'Dublin 6', which had a median price of €657,550.
The Eircode area with the least expensive median price within Dublin was D10 ‘Dublin 10’, where the median price was €272,000.
Outside of Dublin the most expensive Eircode area over the last twelve months was A63 'Greystones', with a median price of €505,670. The second most expensive Eircode area was A98 'Bray', where the median price was €447,500. The third most expensive was P17 'Kinsale', which had a median price of €400,000.
The least expensive Eircode area over the last 12 months was H23 'Clones' with a median price of €117,500. The second least expensive area was F45 'Castlerea', where the median price was €121,000. The third least expensive Eircode area was F35 'Ballyhaunis', which had a median price of €125,000. See Figure 3.4.
The House Prices by Eircode interactive tool can be accessed here House Prices by Eircode
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.