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March home-price growth slowest for a year
The annual rate of growth in residential-property prices slowed again in March, according to the latest official figures.
The Central Statistics Office (CSO) said that prices in the 12 months to March rose by 7.5% – down from 8% in February and the slowest rate of growth since March last year.
In Dublin, prices increased at an annual rate of 6%, while prices outside of Dublin grew by 8.7%.
The CSO figures show that the median price of a home bought during the year to March was €362,500.
Border growth strongest
In Dublin, house prices rose by 5.9% over the year, while apartments saw a 6.2% increase.
Fingal had the highest growth in house prices (7.8%).
Outside Dublin, house prices were up by 9.1% and apartment prices rose by 4.3%.
The region outside of Dublin that saw the largest growth in house prices was the border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 12.8%.
There were 3,617 home purchases filed with Revenue in March – a 9.1% increase compared with March 2024.
Just over 20% of these transactions were for new homes. The 751 new homes bought in March represented a jump of 27.5% compared with March last year.
Gazette Desk
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