
Households find out how much property prices are up and where's rising fastest
This matched the same rate of house inflation there was in the 12 months to May (7.8%).
The Residential Property Price Index (RPPI) published on Wednesday showed that property prices in Dublin rose by 6.6% and prices outside Dublin were up by 8.8% compared with June last year.
The median price of a dwelling purchased in the 12 months to June was 370,000 euro.
The highest median price for a dwelling in the 12 months to June was 675,000 euro in Dun Laoghaire-Rathdown, while the lowest median price was 190,000 euro in Leitrim.
In June 2025, 4,029 dwelling purchases by households were filed with the Revenue Commissioners at a total value of 1.7 billion euro.
These purchases were made up of 3,092 existing dwellings and 937 new dwellings. Revenue data shows there were 1,531 first-time buyer purchases in June 2025.
Niall Corkery, statistician in the Prices Division at the Central Statistics Office (CSO), said: 'Outside Dublin, house prices were up by 9% and apartment prices rose by 6.6%.
'The region outside of Dublin that saw the largest growth in house prices was the West (Galway, Mayo, and Roscommon) at 10.3%, while at the other end of the scale, the South-East (Carlow, Kilkenny, Waterford, and Wexford) saw a 7.1% rise.
'Households paid a median or mid-point price of 370,000 euro for a residential property in the 12 months to June 2025.
'The most expensive Eircode area over the 12 months to June 2025 was A94 (Blackrock, Dublin) with a median price of 780,000 euro, while F45 (Castlerea, Roscommon) had the least expensive price of 148,000 euro.'
The government is due to publish a new housing plan in the autumn as house prices and rents continue to rise.
Housing Minister James Browne has pledged to tackle record rates of homelessness, which is teetering just below 15,000 people a month, and to reform the rental sector with a new series of tenancy rules.
An injection of funding for various infrastructure projects, such as water and electricity supplies, also aims to boost the number of homes available in Ireland.
But Mr Browne has admitted that the housing target for this year, of 41,000 new-builds, is 'not realistic' after the last Fianna Fail-Fine Gael government missed the 2024 target of 33,450 new builds.
Mr Browne has said that all predictions are trending around 34,000 homes being built this year.
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Irish Daily Mirror
9 hours ago
- Irish Daily Mirror
Households find out how much property prices are up and where's rising fastest
House prices increased by 7.8% in the 12 months to June, according to new figures. This matched the same rate of house inflation there was in the 12 months to May (7.8%). The Residential Property Price Index (RPPI) published on Wednesday showed that property prices in Dublin rose by 6.6% and prices outside Dublin were up by 8.8% compared with June last year. The median price of a dwelling purchased in the 12 months to June was 370,000 euro. The highest median price for a dwelling in the 12 months to June was 675,000 euro in Dun Laoghaire-Rathdown, while the lowest median price was 190,000 euro in Leitrim. In June 2025, 4,029 dwelling purchases by households were filed with the Revenue Commissioners at a total value of 1.7 billion euro. These purchases were made up of 3,092 existing dwellings and 937 new dwellings. Revenue data shows there were 1,531 first-time buyer purchases in June 2025. Niall Corkery, statistician in the Prices Division at the Central Statistics Office (CSO), said: 'Outside Dublin, house prices were up by 9% and apartment prices rose by 6.6%. 'The region outside of Dublin that saw the largest growth in house prices was the West (Galway, Mayo, and Roscommon) at 10.3%, while at the other end of the scale, the South-East (Carlow, Kilkenny, Waterford, and Wexford) saw a 7.1% rise. 'Households paid a median or mid-point price of 370,000 euro for a residential property in the 12 months to June 2025. 'The most expensive Eircode area over the 12 months to June 2025 was A94 (Blackrock, Dublin) with a median price of 780,000 euro, while F45 (Castlerea, Roscommon) had the least expensive price of 148,000 euro.' The government is due to publish a new housing plan in the autumn as house prices and rents continue to rise. Housing Minister James Browne has pledged to tackle record rates of homelessness, which is teetering just below 15,000 people a month, and to reform the rental sector with a new series of tenancy rules. An injection of funding for various infrastructure projects, such as water and electricity supplies, also aims to boost the number of homes available in Ireland. But Mr Browne has admitted that the housing target for this year, of 41,000 new-builds, is 'not realistic' after the last Fianna Fail-Fine Gael government missed the 2024 target of 33,450 new builds. Mr Browne has said that all predictions are trending around 34,000 homes being built this year. Sign up to the Irish Mirror's Courts and Crime newsletter here and get breaking crime updates and news from the courts direct to your inbox.


Irish Examiner
10 hours ago
- Irish Examiner
Owning a home to remain a 'pipe dream' for first-time buyers as house prices continue to surge
Property price inflation is holding steady in Ireland, as the cost of buying a home continues to surge, with first-time buyers warned house prices would continue to be a 'pipe dream' for the foreseeable future. For the second month in a row, the Central Statistics Office (CSO) said the 12 months to June saw its Residential Property Price Index rise by 7.8%. Inflation outside of Dublin continues to outstrip that of the capital, with prices there rising by 6.6% compared to the 8.8% rise in the rest of the country. The median price of a home in Ireland now stands at €370,000. The highest median price paid for a dwelling was €675,000 in Dún Laoghaire-Rathdown, while the lowest was €190,000 in Leitrim. While property price inflation peaked at over 10% last summer, this has only moderated slightly since then and has not gone below 7%. Prices have now been consistently rising for almost two years, according to the CSO. House prices in Ireland are now almost 20% higher than the peak of the Celtic Tiger boom in April 2007. And, from their trough in May 2013, property prices outside of Dublin are almost three times higher now (180.2%). When it comes to the difference between new and second-hand properties, the lack of adequate supply to meet demand means the cost of second-hand homes continues to rise at a higher rate, with inflation of 8.8%. In June, 4,029 home purchases at market prices were filed with Revenue, which was a 13.1% increase on June 2024. Of these, 1,531 were first-time buyers, which was also an increase of 21.5% on the same time last year. However, with no end in sight to high property inflation, Irish Mortgage Advisors chair Trevor Grant said it meant homes were becoming increasingly out of reach for many first-time buyers, 'turning their hopes of home ownership into a pipe dream'. He also said all eyes would now be on the Government's revised housing plan this autumn in the hope it can address the root causes of the crisis. 'This new plan is expected to include reforms which will speed up the delivery of housing and see more affordable housing rolled out,' Mr Grant said. 'If the country is ever to emerge from the housing crisis, it's important that the Government get this plan right. 'The lack of labour to build houses is also an issue — skill shortages and access to labour are critical challenges for the building industry, which unfortunately also drive up house building costs and in turn house prices. 'Regardless of any Government reforms or initiatives announced this autumn, Irish house prices are likely to continue to be high for the foreseeable future.' Rachel McGovern, deputy chief executive at Brokers Ireland, said the latest figures pointed to the major task at hand for the Government as it prepares to unveil its new housing plan. 'It will take comprehensive and very unprecedented measures to unlock the impediments, particularly in zoning, planning and infrastructure,' she said. 'Even with unprecedented measures, it is likely to be a couple of years before we would see major change. But it must start.'


RTÉ News
12 hours ago
- RTÉ News
Property prices see fastest monthly growth since November
New figures from the Central Statistics Office show that property prices registered monthly growth of 0.9% in June, the highest rate since November last year. Home prices across the country grew by 7.8% in the year to June, unchanged from the rate of growth the previous month, the CSO added. The CSO said the median price of a home purchased in June was €370,000. Today's figures show that property prices in Dublin - both houses and apartments - rose by 6.6% and prices outside Dublin were up by 8.8% compared with June last year. In the 12 months to June, the highest house price growth in Dublin was in Fingal at 8% while both Dún Laoghaire-Rathdown and South Dublin saw a rise of 5.5%. Outside of Dublin, house prices were up by 9% and apartment prices rose by 6.6%. The region outside of Dublin that saw the largest growth in house prices was the West (Galway, Mayo, and Roscommon) at 10.3%, while at the other end of the scale, the South-East (Carlow, Kilkenny, Waterford, and Wexford) saw a 7.1% rise. The CSO noted that the highest median price paid for a home was €675,000 in Dún Laoghaire-Rathdown, while the lowest was €190,000 in Leitrim. Meanwhile, the most expensive Eircode area over the 12 months to June 2025 was A94 (Blackrock, Dublin) with a median price of €780,000, while F45 (Castlerea, Roscommon) had the least expensive price of €148,000. The CSO said that Dublin residential property prices are 5.9% higher than their February 2007 peak, while residential property prices in the Rest of Ireland are 21.8% higher than their May 2007 peak. Today's figures also show that a total of 4,029 home purchases were filed with Revenue, an increase of 13.1% increase compared with the 3,563 purchases in June last year and a 5.4% increase compared with the 3,824 purchases in May. Existing homes accounted for 76.7% of the transactions filed in June, an increase of 8.2% compared with June 2024. The balance of 23.3% were new homes, which marked a rise of 32.9% on the same time last year. Commenting on the CSO figures, Trevor Grant, Chairperson of Irish Mortgage Advisors, said that the continued uptick in the rate of annual house price inflation will be a disappointment for would-be house buyers as it means houses are becoming more unaffordable for many of them. He said that ultimately, the biggest driver of Irish house price inflation is the shortage of homes coupled with the pent-up demand for housing and an expanding population. Mr Grant noted that the recent 35% increase in housing completions is encouraging, but housing completions are still nowhere near where they need to be. "The shortage of new homes available to private buyers means many first-time buyers are bidding against trader-uppers/movers, which in turn is driving up second-hand prices. It's becoming increasingly common for properties to sell for 20% above the asking price," he added.