Residential Property Price Index September 2020

 

Volume and Value

In September, 3,193 household dwelling purchases at market prices were filed with Revenue. This represents a 22.2% decrease compared to the 4,103 purchases in September 2019, and a 35.4% increase compared with the 2,359 purchases in August 2020. The total value of transactions filed in September was €932 million.

New and Existing Dwellings

Existing dwellings accounted for 2,584 (80.9%) of the dwelling purchases filed in September, a decrease of 22.9% compared to September 2019. The balance of 609 (19.1%) were new dwellings, a decrease of 18.8% compared to September 2019 (See Figure 3.1).

 

Buyer Type

In the year to September, 37,751 household dwelling purchases were filed with Revenue. Of these, 12,458 (33.0%) were purchases by first time buyer owner-occupiers, while former owner-occupiers purchased 19,922 (52.8%). The balance of 5,371 (14.2%) were acquired by non-occupiers (see Figure 3.2).

Revenue data shows that there were 1038 first-time buyer purchases in September 2020, a decrease of 21.7% on the 1,325 recorded in September 2019. These purchases were made up of 319 new dwellings and 719 existing dwellings.

 

 

Median Price

Households paid a median price of €257,290 for a dwelling on the residential property market in the 12 months to September 2020.

The Dublin region had the highest median price (€375,000) in the year to September. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€535,000), while South Dublin had the lowest (€349,000).

The highest median prices outside of Dublin were in Wicklow (€335,000) and Kildare (€310,000), while the lowest price was €107,000 in Leitrim (See Figure 3.3).

Mean Price

Households paid a mean price of €293,983 for a dwelling on the residential property market in the 12 months to September 2020.

The mean price in Dublin (€441,383) was the highest in any region or county. Dún Laoghaire-Rathdown had the highest mean price in the Dublin region at €606,096, while South Dublin had the lowest at €361,858.

Outside of Dublin, the Mid-East was the most expensive region, with a mean price of €304,482. Wicklow was the most expensive county in the Mid-East region, with a mean price of €369,722.

The Border region was the least expensive region in the year to September 2020, with a mean price of €145,349. Leitrim (in the Border region) was the least expensive county, with a mean price of €121,504. (see figure 3.4).

 

Note 

Neither median nor mean prices are appropriate for measuring the evolution of property prices as the mix of houses sold in different periods can change over time. The Residential Property Price Index is the definitive measure of property price trends.

 

For further Information see tables on StatBank

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