Residential property prices recorded slightly faster annual growth of 1.8% in January compared to December, but they were down from growth of 5.2% a year ago, new Central Statistics Office figures show today.
House prices have stabilised over the last year having shot up for five years aftrer a crash just over a decade ago, and a lack of affordable housing and sky-high rents were central issues in last month's national election.
Property prices were up 0.7% month-on-month and are 17.3% below their 2007 peak nationally, the CSO said.
Dublin residential property prices increased by 0.5% in the year to January, with house prices seeing no changes and apartments decreasing by 2.1%.
The highest house price growth in Dublin was in Fingal at 4.9%, while Dun Laoghaire-Rathdown saw a decline of 3.6%.
Meanwhile, residential property prices in the rest of the country rose by 3.1% in the year to January, with house prices up by 3.5% and apartments by 0.1%.
The region outside of Dublin that saw the largest rise in house prices was the Border at 9.2%, while at the other end of the scale, the Mid-East saw a rise of just 0.4%.
The CSO said that property prices nationally have increased by 84.7% from their trough in early 2013.
Dublin residential property prices have risen 94.7% from their February 2012 low, while residential property prices in the rest of Ireland are 82.7% higher than their lowest level in May 2013.
Today's CSO figures show that households paid a median price of €260,000 for a home in the 12 months to January 2020.
The Dublin region had the highest median price of €370,000. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price of €525,000, while South Dublin had the lowest at €345,000.
The highest median prices outside Dublin were in Wicklow at €327,500 and Kildare at €309,999, while the lowest price was €104,000 in Leitrim.