April home-price growth eases slightly
The annual rate of growth in residential-property prices slowed again in April, according to the latest official figures.
The Central Statistics Office (CSO) said that prices in the 12 months to April rose by 7.5% – down from a revised 7.6% in March and the slowest rate of growth since March last year.
In Dublin, prices increased at an annual rate of 6.2%, while prices outside of Dublin grew by 8.6%. The Dublin figure represented an acceleration from 6% in March, reversing a downward trend that started in August last year.
The CSO figures show that the median price of a home bought during the year to April was €365,000.
Border growth strongest
In Dublin, house prices rose by 6.1% over the year, while apartments saw a 6.5% increase. Fingal had the highest growth in house prices (9.2%).
Outside Dublin, house prices were up by 8.8% and apartment prices rose by 5.7%.
The region outside of Dublin that saw the largest growth in house prices was the border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 11.8%.
There were 3,748 home purchases filed with Revenue in April – a 4.9% increase compared with the same month last year.
Just over 22% of these transactions were for new homes. The 840 new homes bought during the month represented a jump of more than 17% compared with April last year.