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RPPI inches above previous high in April 2007

14 Sep 2022 / property Print

RPPI inches above previous high in April 2007

The most expensive Eircode area over the last twelve months was Blackrock in south Dublin. with a median price of €720,000, according to Central Statistics Office (CSO) data.

The national Residential Property Price Index (RPPI) has reached the value of 164.9 points for July 2022, which is 0.8% above its highest level recorded at the peak of the economic boom in April 2007.

The national RPPI increased by 13% in the 12 months to July, with prices in Dublin rising by 10.4% and prices outside Dublin up by 15.2%.

In July, 4,443 dwelling purchases by households at market prices were filed with Revenue − an increase of 16.2% compared with the 3,822 purchases in July 2021.

Median price of €295,000

The median price of a dwelling purchased in the 12 months to July was €295,000.

The lowest median price for a house in the 12 months to July 2022 was €145,000 in Longford, while the highest median price was €610,000 in Dún Laoghaire-Rathdown. 

Clones in Co Monaghan was the least expensive Eircode at €117,500.

Statistician Viacheslav Voronovich said that the residential-property price rise of 13% in the last 12 months was down from 14% in the year to June 2022. 

In Dublin, house prices increased by 10.5%, and apartment prices were up by 9.6%.

The highest house-price growth in Dublin was in Fingal at 11.8%, while Dún Laoghaire-Rathdown saw a rise of 9.1%.

Outside Dublin, house prices were up by 15.3%, and apartment prices rose by 13.4%.

The region outside of Dublin that saw the largest rise in house prices was the West (Galway, Mayo, Roscommon) at 19.1%, while the Mid-West (Clare, Limerick, Tipperary) saw a 12% rise. 

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