Home-price growth picked up in December
The annual rate of growth in residential-property prices accelerated in December for the first time since June last year, according to the latest official figures.
The Central Statistics Office (CSO) said that prices across the country rose by 7% in the year to December, compared with a revised 6.8% rate in November.
Home-price inflation had been steady or falling since hitting 7.9% in June last year.
The pick-up was mainly due to prices in Dublin, where the annual rate of growth moved up from November’s 5.2% to 5.6%, while price increases outside of Dublin eased slightly to 8.1%.
The CSO figures show that the median price of a home bought during the year to December was €387,000.
Midlands records biggest rise
In Dublin, house prices rose by 5.2% over the year, while apartments saw a 6.8% increase. Dublin City had the strongest growth in house prices at 7%.
Outside Dublin, house prices were up by 7.7% and apartment prices rose by 12.5% over the year.
The region outside of Dublin that saw the largest growth in house prices was the midlands (Laois, Longford, Offaly, and Westmeath) at 14.4%.
There were 5,947 home purchases filed with Revenue in December – up 14.9% compared with the same month last year.
Existing dwellings accounted for just over two-thirds of the purchases filed in December – a rise of 5% compared with December 2024. The balance of 1,946 were new dwellings, which was a jump of 42.5%.