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Growth in house prices in Ireland slows to an average of 2.4%

The median price of a dwelling purchased in the 12 months to May was €315,000.

THE RATE OF increase of the average price paid for a home in Ireland has slowed to 2.4% from 3.4%, new figures indicate.

Meanwhile, the cost of a home outside Dublin increased by 4.5% in the 12 months to May, with the west region seeing the largest increase in prices at 5.7%.

The Residential Property Price Index (RPPI) measures the change in the average level of prices paid for residential properties sold in Ireland.

It excludes non-household purchases, non-market purchases and self-builds and allows for the fact that different types of property are sold in different months.

The RPPI for May, published by the Central Statistics Office (CSO) today, increased by 2.4% in the 12 months to May 2023, a fall from the 3.4% rise in the 12 months to April.

The median price of a dwelling purchased in the 12 months to May was €315,000.

Prices in Dublin decreased by 0.2% and prices outside Dublin were up by 4.5%.

The lowest median price for a house in the 12 months to May was €160,000 in Longford, while the highest median price was €630,000 in Dun Laoghaire-Rathdown.

Statistician in the Prices Division Viacheslav Voronovich said: “Residential property prices rose by 2.4% in the 12 months to May 2023, down from 3.4% in the year to April 2023.

“In Dublin, residential property prices saw a decrease of 0.2%, while property prices outside Dublin were 4.5% higher than a year earlier.

“In the 12 months to May 2023, house prices in Dublin decreased by 0.4% and apartment prices were up by 0.4%. The highest house price growth in Dublin was in South Dublin at 4%, while Dublin City saw a decline of 2.8%.

“Outside Dublin, house prices were up by 4.7% and apartment prices rose by 1.7%.

“The region outside of Dublin that saw the largest rise in house prices was the West (Galway, Mayo, Roscommon) at 5.7%, while at the other end of the scale, the South-East region (Carlow, Kilkenny, Waterford, Wexford) and South-West (Cork, Kerry) saw a 3.5% rise.

“Households paid a median or mid-point price of 315,000 euro for a residential property in the 12 months to May 2023.

“The lowest median price paid for a dwelling was €160,000 in Longford, while the highest was €630,000 in Dun Laoghaire-Rathdown.

“The most expensive Eircode area over the 12 months to May 2023 was A94 ‘Blackrock’ with a median price of €741,503, while F35 ‘Ballyhaunis’ had the least expensive price of €127,500.”

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    Mute Mensah Mensah
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    Mar 22nd 2012, 10:56 AM

    Taste of his own medicine…..welldone french police

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    Mute Michael Murphy
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    Mar 22nd 2012, 11:09 AM

    Would have preferred that he would suffer through the remainder of his life in a prison tbh rather than such a quick end.

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    Mute Shane Brehony
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    Mar 22nd 2012, 11:17 AM

    Sounds like he killed himself jumping out the window coward to the end

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    Mute Declan Carroll
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    Mar 22nd 2012, 12:05 PM

    Yes, Shane. Coward. As they all are. It must never be forgotten that he murdered children in cold blood. To hell with him.

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    Mute Gearóid Ó Murchadha
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    Mar 22nd 2012, 4:45 PM

    Shane it was a ground floor apartment so I don’t think he jumped out the window to commit suicide!

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    Mute Shane Brehony
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    Mar 22nd 2012, 6:41 PM

    Gearoid ye it had said it was a 5 story building and wasn’t sure what floor he was on , sure ended up he got a bullet in the skull from a police sniper .

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    Mute William Grogan
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    Mar 22nd 2012, 11:13 AM

    Instead of 50 virgins in paradise, he’s, hopefully, simply stone dead.

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    Mute Patrick Reilly
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    Mar 22nd 2012, 2:28 PM

    It’s 72 virgins actually.

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    Mute William Grogan
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    Mar 22nd 2012, 2:42 PM

    In fact there’s an argument about the translation of the word “virgin”, it could be “grapes”. So these nuts are looking forward to dying for a bunch of grapes :)

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    Mute Gavin Tobin
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    Mar 22nd 2012, 7:03 PM

    72 Susan Boyles…..aaagh

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    Mute Emsy wemsy
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    Mar 22nd 2012, 11:18 AM

    Inevitable end really,he was dead when he went into that house but I would’ve liked to see him rotting in a lonely dull cell for the rest of his life

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    Mute Kevin daly
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    Mar 22nd 2012, 11:07 AM

    About time!!

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    Mute Brian McSorley
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    Mar 22nd 2012, 11:53 AM

    Real shame he wasn’t captured alive and put on trial. This was too quick an end for him.
    Unfortunately he may be seen as a hero to extremists and may inspire other attacks.
    LePen and her neo Nazi kind will use this to further ingrate tensions between France and it’s north african minority.
    I’m also surprised that a lot of reports ignore the fact that his first victims were french muslim soldiers.

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    Mute Trevor Nolan
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    Mar 22nd 2012, 4:33 PM

    Headshot whilst jumping from a window..? Good amount of XP for that!

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    Mute SharonC
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    Mar 22nd 2012, 12:47 PM

    I’m actually so disappointed that it ended like this he got exactly what he wanted jumping out of a window guns blazing, to nutters like him he will be seen as a hero. Justice for the families would have been for him to see out the rest of his days in little 4/4 cell somewhere. But I guess there was very little the police could do it was almost inevitable that he was not going to be taken alive.

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    Mute Denis Walsh
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    Mar 22nd 2012, 11:42 AM

    The commandos weren’t up to much by the sounds of it. This lunatic seemed to have the upper hand from day one. Should have brought in the SAS.

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    Mute Leslie Alan Rock
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    Mar 22nd 2012, 11:47 AM

    Dens do you try take the proverbial piss on everything? Seriously a therapist would have nightmares with you.

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    Mute Simon Finglas
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    Mar 22nd 2012, 2:16 PM

    The French RIAD unit regularly train with other elite units like the SAS and GIGN, at the end of the day a nut with a fully automatic machine gun in a small apartment can get a lucky shot off. Job well done by them anyway.

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    Mute Susie Chester
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    Mar 22nd 2012, 2:44 PM

    Arrogance ….. You should have gone over there and shown them how to do it Denis.

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    Mute Eric Cosgrove
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    Mar 22nd 2012, 11:36 AM

    Allez Les Blue.

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    Mute Martin Lynch
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    Mar 22nd 2012, 2:28 PM

    Simple question comes to mind, where did he get the gun/s – in particular the machine gun/s?

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    Mute Paul Sheridan
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    Mar 22nd 2012, 2:43 PM

    A kalashnikov can be picked up in the suburbs of Marseille for 400 Euro

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    Mute Eamonn Connaghan
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    Mar 22nd 2012, 1:32 PM

    “Jumped” yeah right.

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    Mute B.Keogh
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    Mar 22nd 2012, 2:43 PM

    good shot!!!

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    Mute Alan Dempsey
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    Mar 22nd 2012, 5:17 PM

    Well done to the French Police. What a scumbag I have no sympathy for him.

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    Mute Noel O Gorman
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    Mar 22nd 2012, 3:33 PM

    Sarkozy said in a statement that this lunatic has been under police surveillance for a number of years. Obviously not the other day when he committed murder. Any terrorist who is considered a threat should be locked up instead of getting a police escort which doesn’t work anyway.

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    Mute Eric Cosgrove
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    Mar 22nd 2012, 11:33 AM

    Allen les Blue

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