Ireland annual house price growth slows again in April

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Irish residential house prices rose in April from a year earlier, but at a slower rate than in March, according to figures from the Central Statistics Office on Wednesday.

The Irish national residential property price index increased by 3.6% in the 12 months to April, with prices in Dublin rising by 1.0% and prices outside Dublin up by 5.6%.

This marked a slowing in the headline rate from a 4.0% rise in the 12 months to March, which in turn slowed from 5.2% in February and 6.2% in January.

Compared to a year earlier, the annual rate of growth slowed significantly from 14.5% in the 12 months to April 2022.

On a monthly basis, residential house prices remained unchanged in April from March. They had fallen 0.6% in March from February. In February, prices fell 0.3% from January, while falling 0.5% in January from December.

The CSO said 3,262 dwelling purchases by households at market prices were filed with the Revenue Commissioners in April, down by 5.3% compared with the 3,446 purchases in April 2022.

The median price of a dwelling purchased was €313,000 in the 12 months to April, with the lowest median price at €160,000 in Longford and the highest median price at €634,998 in Dun Laoghaire-Rathdown.

Copyright 2023 Alliance News Ltd. All Rights Reserved.