Property prices in Ireland are now higher than they were at the peak of the Celtic Tiger in 2007
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The average price of residential properties in Ireland has exceeded its highest level recorded at the peak of the economic boom in April 2007 by 0.8%This is according to the Residential Property Price Index for July 2022, released by the Central Statistics Office on Wednesday .The index also shows that property prices shot up by 13% in the 12 months to July of this year, with prices in Dublin rising by 10.4% and outside the capital up by 15.2%.
In Dublin, house prices increased by 10.5% and apartment prices were up by 9.6%. The highest house price growth in the capital was in Fingal at 11.8%.The region in the rest of the country that saw the largest rise in house prices was the west at 19.1%.For all of Ireland, the median price of a dwelling purchased in the 12 months to July 2022 was €295,000.
Meanwhile, the lowest median price for a house in the year to July was €145,000 in Longford, while the highest median price was €610,000 in Dún Laoghaire-Rathdown. In regards to Eircodes, the most expensive area over the last 12 months was A94 Blackrock, with a median price of €720,000, while H23 Clones was the least expensive at €117,500.You can check out the median cost of buying a residential property in all 139 Eircodes in the country below.
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