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RollingNews.ie

Property prices continue to rise but rate of increase is slowing

New data from the CSO on property prices was published today.

THE PRICE OF housing is continuing to rise but the rate of increase is slowing, according to new data from the Central Statistics Office (CSO).

House prices rose by 7.8% in the 12 months up to December 2022, compared to an 8.5% hike in the year to November 2022.

Housing prices went up by 14.2% in the 12 months to December 2021.

In the past year, property prices in Dublin rose by 6% and prices outside Dublin went up by 9.3%.

The price of an apartment in Dublin went up by 5.4% last year, while the price of a house there increased by 6.1%.

Elsewhere, house prices increased up by 9.6% and apartment prices rose by 5.3%. The region outside of Dublin that saw the largest rise in house prices was the west – Galway, Mayo and Roscommon – at 14.9%. The south east – Carlow, Kilkenny, Waterford and Wexford – saw the smallest rise at 6.7%.

In December 2022, 5,213 dwelling purchases by households at market prices were filed with the Revenue Commissioners – an increase of 0.8% compared to December 2021.

The median price of a residential property purchased in 2022 was €305,000. The lowest median price for a house in the 12 months to December 2022 was €152,000 in Longford, while the highest median price was €625,000 in Dún Laoghaire-Rathdown.

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    Mute AnthonyK
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    Oct 1st 2024, 1:52 PM

    A precedence has been set with this. Well meaning as it is. Will not other survivors of state ineffectiveness want something similar.

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    Mute ben wu
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    Oct 1st 2024, 2:02 PM

    @AnthonyK: At a risk of sounding controversial, I think this should have been dealt with under some form of compensation or redress rather than some blanket thing.
    That it doesn’t preclude future settlements is an odd thing.
    However, I’m more onboard with the Gov actually doing something rather than nothing for those people it’s completely failed.

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    Mute Niall English
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    Oct 1st 2024, 2:00 PM

    maybe hold tony hoolahan to account? no, no, that would be too much to expect of this snide government.

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    Mute Jason Memail
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    Oct 1st 2024, 2:03 PM

    @Niall English: What specifically should he be held to account for?

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    Mute ....
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    Oct 1st 2024, 2:07 PM

    Are they going to do this for all individuals who have been failed by the state (and how is that defined)? There’s plenty of people who have suffered, including Stardust victims, people who can’t get or afford homes.

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    Mute Jason Memail
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    Oct 1st 2024, 2:06 PM

    The amount of misinformation out there around what happened with cervical check is mind-blowing. The way some people talk you’d swear that the testing service actually gave people cancer.

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    Mute Brian D'Arcy
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    Oct 1st 2024, 4:58 PM

    @Jason Memail: Quite the opposite, it didn’t tell them that they had cancer so they didn’t receive the treatment they needed, in a nutshell

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    Mute Jason Memail
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    Oct 2nd 2024, 12:37 AM

    @Brian D’Arcy: That’s absolutely false, and part of the misinformation that’s common on this subject. 1) These women received tests from cervical check which told them that cancer cells were not present. 2) These women subsequently developed cancer, and a review of their original tests was carried out. 3) The reviews showed that the earlier tests missed what may have been cancerous cells, with these reviews aided by the fact that the reviewers knew what they were looking for, since the patients had developed cancer.

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    Mute Jason Memail
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    Oct 2nd 2024, 12:37 AM

    @Jason Memail: 4) The decision was made, and this is the real crux of the issue, not to go back and tell those women that the earlier tests missed the potentially cancerous cells, mainly because what good would it do? They now had cancer and knowing an earlier test missed it wouldn’t change that. 5) Overall, the suggestion that cervical check didn’t tell these people they had cancer is demonstrably false, because the only reason the reviews were carried out on the initial tests is because they had cancer, which they knew about. 6) Going back and checking original tests when something like this happens is standard practice, and the right thing to do in order to improve future testing, but

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    Mute Jason Memail
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    Oct 2nd 2024, 12:37 AM

    @Jason Memail: 7) you can argue whether or not it was the right decision not to inform people about what the earlier tests missed, but it would not and could not have changed the fact that they now, sadly, had cancer, and 8) Knowing that an earlier test missed something could not have allowed them to start treatment earlier, because it’s in the oast. 9) If you want to know the specifics of it, I’d suggest checking out care2much on Twitter, who has written some incredibly detailed threads on the subject.

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    Mute silvery moon
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    Oct 1st 2024, 4:59 PM

    While this is welcome and like one commentor said that it should have been done with compensation.
    As a survivor of the industrial state/religious run institutions we never got compensation we were give an “Award” as if we won something, we cannot get enhanced medical cards that the survivors from the mother and baby home were afforded, we cannot get a contributary pension even though we had to work in these institutions, we now get another slap in the face by being excluded from theses tax benefits. I live in a council house and am grateful for that, I live with my ill husband and disabled totally dependant 23 year old son was told that I can purchase the house for a minimum of between 60 and 80 thousand euro, cannot get a mortgage as my husband is 70 as the cut off is 69 and we’ve have no where to go to help buy the house so our disabled son would have a roof over his head if anything happened to us.

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