Irish House Prices Rise 7.3% Annually, with Stronger Growth Outside Dublin

Dublin: Residential property prices in Ireland increased by 7.3% in the year to October, according to the latest figures from the Central Statistics Office (CSO), marking a slight easing from the 7.5% annual rise recorded in September.

Compared with October last year, house prices in Dublin rose by 5.4%, while prices outside the capital increased by a stronger 8.9%. The CSO said the average national house price in October stood at €381,000, with prices rising by 0.6% on a monthly basis.

The CSO also revised its September figures, lowering the annual growth rate to 7.5% from 7.6% and the monthly increase to 0.8% from 0.9%. Over the 12 months to October, house prices in Dublin rose by 5.2%, while apartment prices increased by 6.1%.

Within Dublin, the largest price increase was recorded in Dublin City at 6.1%, followed by Fingal at 4.3%. Outside the capital, house prices rose by 8.8% and apartment prices by 10.5%. The Midlands region—comprising Laois, Longford, Offaly and Westmeath—saw the strongest growth, with house prices up 15.1%, while prices in the West (Galway, Mayo and Roscommon) increased by 6%.

Dún Laoghaire–Rathdown remained the most expensive local authority area, with an average house price of €675,000, while Donegal recorded the lowest average price at €190,000. At a more local level, the highest prices were seen in the A45 area of Fingal Oldtown in Dublin, where homes averaged €875,000, while the lowest were recorded in the F45 area of Castlerea, Co Roscommon, at €150,000.

CSO figures also show that 4,830 home purchases were filed with the Revenue Commissioners in October, a 1% decrease compared with the same month last year. The total value of transactions stood at €2.1 billion, comprising 3,745 existing homes worth €1.6 billion and 1,085 new homes valued at €520.1 million.

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