Residential Property Price Index March 2023

Volume up 5.4% compared with March 2022

In March, 4,132 dwelling purchases by households at market prices were filed with Revenue. This represents a 5.4% increase compared with the 3,921 purchases in March 2022 and a 23.3% increase compared with the 3,351 purchases in February 2023. The total value of transactions filed in March was €1.5 billion.

Existing dwellings accounted for 3,418 (82.7%) of the dwelling purchases filed in March, an increase of 3.9% compared with March 2022. The balance of 714 (17.3%) were new dwellings, an increase of 13.3% compared with March 2022. See Figure 3.1.

Buyer Type

In the year to March, 50,159 dwelling purchases by households at market prices were filed with Revenue. Of these, 16,783 (33.5%) were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 27,030 (53.9%). The balance of 6,346 (12.7%) were acquired by non-occupiers. See Figure 3.2.

Revenue data shows that there were 1,387 first-time buyer purchases in March 2023, an increase of 7.5% on the 1,290 recorded in March 2022. These purchases were made up of 417 new dwellings and 970 existing dwellings.

Median Price by Administrative Region

Households paid a median price of €310,000 for a dwelling on the residential property market in the 12 months to March 2023.

The Dublin region had the highest median price (€435,000) in the year to March. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€635,000), while Fingal had the lowest (€405,000).

The highest median prices outside of Dublin were in Wicklow (€422,500) and Kildare (€377,975), while the lowest price was €154,000 in Longford. See Figure 3.3.

Median Prices by Eircode Area

In the year to March, the Eircode area with the highest median price for household dwelling purchases was A94 'Blackrock’ (€750,000). The five most expensive Eircode areas by median price were in Dublin. The second most expensive Eircode area was D06 ‘Dublin 6’, where the median price was €700,000. The third most expensive area was D14 ‘Dublin 14’, which had a median price of €687,500.  

The Eircode area with the least expensive median price within Dublin was D10 ‘Dublin 10’, where the median price was €280,500.

Outside of Dublin the most expensive Eircode area over the last twelve months was A63 'Greystones', with a median price of €534,999. The second most expensive Eircode area was A98 'Bray', where the median price was €466,000. The third most expensive was W23 ‘Celbridge’, with a median price of €435,000.

The least expensive Eircode area over the last 12 months was F35 'Ballyhaunis', with a median price of €126,000. The second least expensive area was H23 'Clones', where the median price was €130,250. The third least expensive Eircode area was F45 'Castlerea', which had a median price of €133,500. See Figure 3.4.

 

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