skip to main content

Property prices see growth of 5.6% in January - CSO

Residential property prices nationally increased by 5.6% nationally in the year to January, new CSO figures show
Residential property prices nationally increased by 5.6% nationally in the year to January, new CSO figures show

The pace of growth in residential property prices slowed again in January, new figures from the Central Statistics Office show. 

Property prices increased by 5.6% nationally in the year to January - the slowest pace of growth since June 2016. 

This compared with an increase of 6.4% in the year to December and a rise of 11.8% the same time last year.

On a monthly basis, the CSO said that property prices eased by 0.4% in January.

Today's figures show that Dublin residential property prices rose by 1.9% in the year to January with house prices rising by 2.3% and apartments by 1.6%. 

The CSO noted that the highest house price growth in Dublin was in South Dublin at 4%, while the lowest growth was in Fingal at 2.6%.

Meanwhile, residential property prices in the rest of the country rose by 9.5% in the year to January, with house prices up by 8.5% and apartments up by 18.6%. 

The region which saw the largest rise in property prices was the Mid-West with growth of 16.5%. The smallest rise was recorded in the Mid-East region with growth of 5.1%.

The CSO said that property prices nationally have increased by 82.1% from their trough in early 2013. 

Dublin residential property prices have risen 92.3% from their February 2012 low, while residential property prices in the Rest of Ireland are 80.1% higher than the trough in May 2013.



Today's CSO figures show that consumers paid a mean price of €291,968 for a home in the 12 months to January 2019. 

The mean price in Dublin at €447,028 was the highest in any region or county. 

Within the Dublin area, Dún Laoghaire-Rathdown had the highest mean price at €621,169, while South Dublin had the lowest at €362,507.

Outside of Dublin, the Mid-East was the most expensive region, with a mean price of €292,172. 

Wicklow was the most expensive county in the Mid-East region, with a mean price of €356,512 and the second most expensive county in Ireland, after Dublin. 

The Border region was the least expensive region in the year to January 2019, with a mean price of €136,390.

Longford was the least expensive county, with a mean price of €107,950.