19th Mar 2025 13:44
(Alliance News) - Property prices jumped by 8.1% in the 12 months to January this year, according to figures released by the Central Statistics Office, CSO, on Wednesday.
Property prices in Dublin rose by 7.5% and prices outside Dublin were up by 8.6% compared with January 2024.
The median price of a dwelling purchased in the 12 months to January this year was EUR359,999, figures showed.
The highest median price for a dwelling was EUR662,349 in Dun Laoghaire-Rathdown, while the lowest was EUR180,000 in Leitrim.
The most expensive Eircode area over the 12 months to January 2025 was Blackrock with a median price of EUR743,500, while Clones in Co Monaghan had the least expensive price of EUR133,000.
In January this year, 3,801 dwelling purchases by households at market prices, with a value of EUR1.6 billion, were filed with the Revenue Commissioners, an increase of 5% when compared with the 3,621 purchases in January 2024.
These purchases were made up of 2,824 existing dwellings with a value of EUR1.2 billion, and 977 new dwellings with a value of EUR459 million.
Revenue data shows that there were 1,504 first-time buyer purchases in January 2025.
Outside of the capital, house prices were up by 8.9% and apartment prices rose by 5%.
The region outside of Dublin that saw the largest growth in house prices was the border – which includes Cavan, Donegal, Leitrim, Monaghan, and Sligo – at 12.7%, while at the other end of the scale, the mid-east – Kildare, Louth, Meath, and Wicklow – saw a 5.8% rise.
Niall Corkery, statistician in the CSO prices division, said: "Residential property prices rose by 8.1% in the 12 months to January 2025, down from 8.8% in the year to December 2024.
"In Dublin, residential property prices saw an increase of 7.5%, while property prices outside Dublin were 8.6% higher in January 2025 when compared with a year earlier."
Property prices nationally have increased by 160.7% from early 2013.
Dublin residential property prices have risen by 158.3% from their February 2012 low, whilst residential property prices in the rest of Ireland are 171.8% higher than May 2013.
By Cate McCurry
Press Association: News
source: PA
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