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Property prices nationwide up by over 10%

14 Oct 2021 / property Print

Property prices nationwide up by over 10%

Price inflation has reached 10.9% for residential property (August) and 3.7% for consumer goods and services (September), new CSO data shows.

The Residential Property Price Index (RPPI) increased by 10.9% nationally in the year to August 2021, with prices in Dublin rising by 10.2% and prices outside Dublin rising by 11.5%.

In August, 3,764 dwelling purchases by households at market prices were filed with Revenue, an increase of 59.6% compared to August 2020.

The Consumer Price Index (CPI) increased by 3.7% in the year to September 2021, the largest annual change in prices since October 2008 (+4.0%).


Consecutive rises

Consumer prices have increased 0.5% in the month which is the eleventh month in a row that has shown monthly inflation, the longest sequence of monthly inflation since 2007

The divisions with the largest increases in the year were:

  • Transport (+11.4%),
  • Housing, water, electricity, gas and other fuels (+9.0%),
  • Alcoholic beverages and tobacco (+4.9%)
  • Restaurants and hotels (+2.7%).

There were decreases in clothing and footwear (-3.0%) and miscellaneous goods and services (-0.2%) when compared to September 2020.

Gazette Desk
Gazette.ie is the daily legal news site of the Law Society of Ireland