House prices 12.7% higher than last year and 75% higher than 2013 prices

Property prices increased by 12.7% nationally in the year to March.

That is compared to 9.8% in the twelve months to March 2017.

New figures from the CSO show that Dublin prices increased by 12.1%, while outside the capital they rose by an average of 13.4%.

Nationally, prices are 21.6% lower than their peak in 2007 but are 75% higher than their lowest point in 2013.

Dublin residential property prices have increased 90.8% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 67.1% higher than they were in May 2013.

There were 43,555 household market dwelling purchases filed with Revenue Commissioners in the 12 months to March.

    Of these:

  • 12,575 (28.9%) were purchases by first-time buyer owner-occupiers;
  • 22,445 (51.5%) were purchases by former owner-occupiers;
  • 8,535 (19.6%) were purchases by non-occupiers.

The average price paid for a property was €277,406.

Dublin 4 was the Eircode area with the highest average price for a property at €762,913.

The least expensive over the last 12 months was Ballyhaunis, Co Mayo, with a mean price of €75,415.

Digital Desk

More in this Section

Garda appeal after man with gun robs cash box from cash in transit van in Dublin

Garda had time to avoid hitting woman when he first saw her crossing road, expert witness tells trial

Abortion services available from January 1, but will be limited, Harris admits

Man, 28, charged with fatal Waterford assault


Lindsay Woods: At a time of year when the pace is frenzied and days are full of school plays and deadlines, the chance to break from routine is a welcome one

On the red carpet: Margot Robbie, Saoirse Ronan, Diane Kruger and Cheryl

Raise a glass to Christmas festivities

The best festive desserts to try out this Christmas

More From The Irish Examiner