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Agriland
16-07-2025
- 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.
Irish Examiner
21-05-2025
- Business
- Irish Examiner
House prices in Cork and Kerry rose more than 10% in the last year as expert blames planning delays
The typical price of a home sold in Ireland in the last 12 months now stands at a staggering €362,500, as prices in Cork and Kerry rose more than 10% in the last year. The latest Property Price Register from the Central Statistics Office (CSO) showed house price inflation moderated slightly in the 12 months to March 2025, but the cost of buying a home still rose 7.5% in the space of a year. Prices outside of Dublin are rising at a faster rate than inside the capital. Furthermore, house prices in counties aside from Dublin are 174.1% higher than they were during the worst of the downturn in 2013, meaning prices are not far off triple what they were just 12 years ago. The latest figures come amid a series of worrying signs in the housing sector, with commencements significantly down, the cost of rents rising and fears housing targets may be missed again this year. CSO statistician Niall Corkery said: 'Residential property prices rose by 7.5% in the 12 months to March 2025, down from 8% in the year to February 2025. 'Households paid a median or mid-point price of €362,500 for a residential property in the 12 months to March 2025. The highest median price paid for a dwelling was €665,000 in Dún Laoghaire-Rathdown, while the lowest was €180,000 in Leitrim. 'The most expensive Eircode area over the 12 months to March 2025 was A94 (Blackrock, Dublin) with a median price of €750,000, while F45 (Castlerea, Roscommon) had the least expensive price of €150,000.' In Cork, the most expensive Eircode to buy is the P17 Kinsale area, with a median price of €461,500. The cheapest was the P75 Bantry area, with a median price of €232,000. While the headline rate of inflation is 7.5%, some areas have reached double figures, including border counties, the Midlands, the West of Ireland, the Mid-West and the South-West. This adds up to 17 counties, including most of Munster, Ulster and Connacht. In March, more than 3,600 homes changed hands in Ireland. One in five homes sold were new homes, amounting to 751. First-time buyers accounted for 36% of the homes bought in the previous 12 months, with second-hand buyers making up 52.6% of home purchasers, and non-households such as funds and charities making up the other 10.8%. In the last year, inflation in new homes has continued to fall, rising just 4.1% compared to second-hand homes rising 9.1%. Ian Lawlor, managing director of Roundtower Capital which lends to developers, said while inflation had moderated, the figures showed Irish house prices continue to soar. Ultimately, unless there's a significant increase in housing delivery, steep house price and rent inflation will persist and homes will continue to be unaffordable for a large cohort of young people. 'Demand for housing is only going in one direction for now. Yet planning and infrastructure delays continue to stall the building of thousands of new homes. These ongoing planning delays are particularly frustrating to those on the ground trying to deliver new homes, Mr Lawlor said. 'The intense pressure on Ireland's housing market is evident, yet we have a planning system that is not fit for purpose and huge bottlenecks in infrastructure.'
