Home-price growth slows to 6.6% in November
The annual rate of growth in residential-property prices slowed in November to 6.6%, according to the latest official figures.
The Central Statistics Office (CSO) said that the rate was down from the 7.2% rate recorded in October. Home-price inflation has been steady or falling since hitting 7.9% in June last year.
In Dublin, the annual rate of growth eased from 5.5% in October to 5%, while prices outside of Dublin rose by 7.9% – a slowdown from October’s 8.7%.
The CSO figures show that the median price of a home bought during the year to November was €384,000.
Fewer purchases filed
In Dublin, house prices rose by 4.8% over the year, while apartments saw a 5.6% increase. Dublin City had the strongest growth in house prices at 5.7%.
Outside Dublin, house prices were up by 7.7% and apartment prices rose by 10.5% 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 13.8%.
There were 4,074 home purchases filed with Revenue in November – down 8.3% compared with the same month last year.
Existing dwellings accounted for 3,166 (77.7%) of the purchases filed in November – a drop of 8.8% compared with November 2024. The balance of 908 (22.3%) were new dwellings, which was a decrease of 6.6%.