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CSO: Increase in house prices across country in year to May 2025
CSO: Increase in house prices across country in year to May 2025

Agriland

time4 days ago

  • Business
  • Agriland

CSO: Increase in house prices across country in year to May 2025

The lowest median price for housing in Ireland in the 12 months to May 2025 was in Co. Leitrim, according to the latest data on house prices from the Residential Property Price Index (RPPI) published by the Central Statistics Office (CSO). Overall, the RPPI increased by 7.9% in the 12 months to May 2025, up from 7.6% in the year to April 2025. Property prices in Dublin rose by 6.9% and prices outside Dublin were up by 8.7% compared with May 2024. The median price of a dwelling purchased in the 12 months to May 2025 was €370,000. The highest median price for a dwelling in the 12 months to May 2025 was €670,000 in Dún Laoghaire-Rathdown, while the lowest median price was €186,000 in Co. Leitrim. In May 2025, 3,824 dwelling purchases by households were filed with the Revenue Commissioners at a total value of €1.6 billion. These purchases were made up of 2,913 existing dwellings and 911 new dwellings. Revenue data shows there were 1,388 first-time buyer purchases in May 2025. Commenting on the release, statistician with CSO Ireland, Niall Corkery said: 'Residential property prices rose by 7.9% in the 12 months to May 2025, up from 7.6% in the year to April 2025. 'In Dublin, residential property prices saw an increase of 6.9%, while property prices outside Dublin were 8.7% higher in May 2025 when compared with a year earlier.' 'In the 12 months to May 2025, house prices in Dublin rose by 6.8% while apartment prices increased by 7.2%,' Corkey added. According to the CSO, the highest house price growth in Dublin was in Fingal at 9.3% while Dún Laoghaire-Rathdown saw a rise of 5.1%. Outside Dublin, house prices were up by 8.9% and apartment prices rose by 6.7%. The region outside of Dublin that saw the largest growth in house prices was the border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 11.1%, while at the other end of the scale, the south-east (Carlow, Kilkenny, Waterford, and Wexford) saw a 7.7% rise. Median house prices Households paid a median or mid-point price of €370,000 for a residential property in the 12 months to May 2025. The most expensive Eircode area over the 12 months to May 2025 was A94 'Blackrock' with a median price of €770,000, while F45 'Castlerea', Co. Roscommon had the least expensive price of €150,000.

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