Home-price growth steadied in June – CSO
The annual rate of growth in residential-property prices steadied in June, according to the latest official figures.
The Central Statistics Office (CSO) said that prices in the 12 months to June rose by 7.8% – unchanged from a revised 7.8% in May.
Prices had accelerated in May for the first time since August last year.
In Dublin, the annual rate of growth eased from 6.8% in May to 6.6% in June. Prices outside of Dublin rose by 8.8% – an acceleration from May's 8.6%.
The CSO figures show that the median price of a home bought during the year to June was €370,000.
Surge in purchases of new homes
In Dublin, house prices rose by 6.6% over the year, while apartments also saw a 6.6% increase. Fingal had the highest growth in house prices (8%).
Outside Dublin, house prices were up by 9% and apartment prices rose by 6.6%.
The region outside of Dublin that saw the largest growth in house prices was the west (Galway, Mayo, and Roscommon) at 10.3%.
There were 4,029 home purchases filed with Revenue in June – up 13.1% compared with the same month last year.
Almost one-quarter of these transactions were for new homes. The 937 new homes bought during the month represented a jump of almost 33% compared with June last year.