Residential Property Price Index June 2023

Volume down 1.7% compared with June 2022

In June, 4,025 dwelling purchases by households at market prices were filed with Revenue. This represents a 1.7% decrease compared with the 4,094 purchases in June 2022 and a 9.2% decrease compared with the 4,435 purchases in May 2023. The total value of transactions filed in June was €1.5 billion.

Existing dwellings accounted for 3,255 (80.9%) of the dwelling purchases filed in June, a decrease of 1.8% compared with June 2022. The balance of 770 (19.1%) were new dwellings, a decrease of 1.2% compared with June 2022. See Figure 3.1.

Buyer Type

In the year to June, 50,611 dwelling purchases by households at market prices were filed with Revenue. Of these, 17,247 (34.1%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 27,143 (53.6%). The balance of 6,221 (12.3%) were acquired by non-occupiers. See Figure 3.2.

Revenue data shows that there were 1,439 first-time buyer purchases in June 2023, an increase of 5.9% on the 1,359 recorded in June 2022. These purchases were made up of 442 new dwellings and 997 existing dwellings.

 

Median Price by Administrative Region

Households paid a median price of €318,000 for a dwelling on the residential property market in the 12 months to June 2023.

The Dublin region had the highest median price (€437,500) in the year to June. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€630,000), while Fingal and South Dublin had the lowest (€410,000).

The highest median prices outside of Dublin were in Wicklow (€423,749) and Kildare (€380,000), while the lowest price was €160,000 in Leitrim and Longford. See Figure 3.3.

Median Prices by Eircode Area

In the year to June, the Eircode area with the highest median price for household dwelling purchases was A94 'Blackrock’ (€735,000). The five most expensive Eircode areas by median price were in Dublin. The Eircode areas which shared the second highest median price of €670,000 were: A96 ‘Glenageary’, D04 ‘Dublin 4’, D06 ‘Dublin 6’, and D14 ‘Dublin 14’.

The Eircode area with the least expensive median price within Dublin was D10 ‘Dublin 10’, where the median price was €275,000.

Outside of Dublin the most expensive Eircode area over the last twelve months was A63 'Greystones', with a median price of €529,999. The second most expensive Eircode area was A98 'Bray', where the median price was €462,500. The third most expensive was W23 ‘Celbridge’, with a median price of €445,000.

The least expensive Eircode area over the last 12 months was F35 'Ballyhaunis', with a median price of €127,500. The second least expensive areas were F45 'Castlerea' and H23 'Clones', with a median price of €135,000. See Figure 3.4.

The House Prices by Eircode interactive tool can be accessed here House Prices by Eircode