The national Residential Property Price Index (RPPI) increased by 2.2 per cent in the 12 months to June 2023, with prices in Dublin decreasing by 0.9 per cent and prices outside Dublin up by 4.5 per cent, the latest report from the Central Statistics Office (CSO) reveals.

House prices in Dublin fell by 1.1 per cent while apartment prices were down by just 0.2 per cent. The highest house price growth in Dublin was in South Dublin at 2.8 per cent, while Dublin City saw a decline of 3.8 per cent.

Outside Dublin, house prices were up by 4.7 per cent and apartment prices rose by 2.3 per cent. The region outside of Dublin that saw the largest rise in house prices was the South-East (Carlow, Kilkenny, Waterford, Wexford) at 5.5 per cent, while at the other end of the scale, the Border region (Cavan, Donegal, Leitrim, Monaghan, Sligo) saw a three per cent rise.

In June 2023, 4,025 dwelling purchases by households at market prices were filed with the Revenue Commissioners, down by 1.7 per cent when compared with the 4,094 purchases in June 2022.

The median price of a dwelling purchased in the 12 months to June 2023 was €318,000. The lowest median price for a house in the 12 months to June 2023 was €160,000 in Leitrim and Longford, while the highest median price was €630,000 in Dún Laoghaire-Rathdown.

Across the State, property prices are now 2.1 per cent higher than the peak of the property boom in April 2007. Dublin residential property prices are 9.2 per cent lower than their February 2007 peak, while residential property prices in the rest of Ireland are 3.2 per cent higher than their May 2007 peak.

Property prices nationally have increased by 127.5 per cent from their trough in early 2013. Dublin residential property prices have risen by 124.9 per cent from their February 2012 low, whilst residential property prices in the rest of Ireland are 137.6 per cent higher than at the trough, which was in May 2013.