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THE CENTRAL STATISTICS Office has published its residential property index for July, which shows that the Eircode area with the highest average price was Dublin 4 (D04).
As a whole, residential property prices at a national level have increased by 10.4% in the 12 months to July.
This compares with an increase of 11.9% in the year to June and an increase of 11.6% in the 12 months to July 2017.
In Dublin, residential property prices increased by 7.2% in the year to July. Dublin house prices increased by 6.5%, while apartments in Dublin increased by 11% in the same period.
The biggest house price growth in the Dublin area was in Dún Laoghaire-Rathdown at 9.8%. In contrast, the lowest growth was in South Dublin, where house prices increased by 5.2%.
Residential property prices in the rest of Ireland (excluding Dublin) were 13.7% higher in the year to July. The mid-west region showed the greatest price growth, with house prices increasing by 23.7%. The border region showed the least price growth, with house prices increasing by 6.0%.
Overall, the national index is 18.8% lower than its highest level in 2007.
Eircode breakdown
Across the country, the Eircode with the highest average price for household dwelling purchases was Dublin 4 (D04), with an average price of €806,293.
The 10 most expensive Eircode areas by average prices were all up in Dublin.
The second most expensive Eircode area was Dublin 6 (D06), where the average price was €749,078. The third most expensive was Blackrock, at €692,052.
The least expensive Eircode area within Dublin was Dublin 10 (D10), with an average price of €219,699.
Outside Dublin, the most expensive Eircode area was Greystones (A63), with an average dwelling price of €444,228.
The second most expensive Eircode area outside Dublin was Kinsale (P17), where the average price was €405,491.
The third most expensive was Bray (A98), which had an average price of €402,741.
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One the plus side if you are paying rent and childcare at the moment and are waiting for the government to sort it out; you can actually survive for a pretty long time on baked beans and seaweed. So, every cloud…
@Hugh Morris: Oh yes. All that.
A very thorough article highlighting the huge issue of childcare in Ireland. My son is starting creche in July, I was very lucky to get him a place through sheer persistence. I was on 22 waiting lists & now it’s going to cost more than our mortgage. The government needs to do A LOT more to help parents
I think childcare costs vary massively outside of Dublin. I know some people paying €150 pw in the west and others paying €800pw in Dublin. The whole thing needs complete overhaul and needs to be regulated and subsidized so it’s affordable for parents and worthwhile for the Childminder.
@Edward Reid: I am aware of a childminder who is minding 4 children. One toddler from early morning and 1 child from 12.30 and two older children from 2 and 3pm respectively. Drop offs and pick ups are required. Children minded in their own home. 7/8 hour days. She is getting a daily rate of 50 euro per day. No breaks during the day, no paid annual leave, no paid sick leave. Parents decide on days required each week. If they don’t need the childminder she doesn’t get paid. Parents complain of lack of child care services but when families have very qualified child care services they under value it completely. Needs complete overhaul
@Sinead O Donnell: If she’s minding the kids in their own home then the parents are her employer and have all of the fun legal obligations that come with that.
If she’s paid €50 a day that seems lower than minimum wage for a start (I don’t know her hours)
It’s not really the system that is wrong there. It’s that she’s getting paid cash in hand (I’m assuming there) and this is absolving her of her rights and the parents of their obligations.
https://www.revenue.ie/en/life-events-and-personal-circumstances/children/registering-child-minders-as-employees.aspx
@Michael O’Neill: I agree with most of the content of your reply. Unfortunately as she minds kids in their home, she cannot register as self employed and as she is not a live in nanny, the childrens parents are exempt from revenue obligations. In this case the child minder falls within the cracks of a very inefficient system.
Genuine question, (I don’t have children), Why is Childcare so darn expensive in Ireland? Is it due to cost of insurance, lack of state investment, lack of pricing regulations, rental costs, or privatized bjg profit making creches?? I would love to know the breakdown of overheads for running a creche in a city for example.
@Ang: all of the reasons you gave with the exception of big profits. Most childcare facilities run by individuals spend far more time on filling out forms, register children , trying to get answers to queries and the such like out of hours than they do actually looking after children.
@Ang: it is so expensive mainly because insurance in Ireland is fully monopolised and is operating as a cartel. At the moment there is only 1 company that provides insurance to children in creches. Its something around 900 per child.
Also the government never heard of the word “childcare”.
have your say