THE PRICE OF housing is continuing to rise but the rate of increase is slowing, according to new data from the Central Statistics Office (CSO).

House prices rose by 7.8% in the 12 months up to December 2022, compared to an 8.5% hike in the year to November 2022.

Housing prices went up by 14.2% in the 12 months to December 2021.

In the past year, property prices in Dublin rose by 6% and prices outside Dublin went up by 9.3%.

The price of an apartment in Dublin went up by 5.4% last year, while the price of a house there increased by 6.1%.

Elsewhere, house prices increased up by 9.6% and apartment prices rose by 5.3%. The region outside of Dublin that saw the largest rise in house prices was the west – Galway, Mayo and Roscommon – at 14.9%. The south east – Carlow, Kilkenny, Waterford and Wexford – saw the smallest rise at 6.7%.

In December 2022, 5,213 dwelling purchases by households at market prices were filed with the Revenue Commissioners – an increase of 0.8% compared to December 2021.

The median price of a residential property purchased in 2022 was €305,000. The lowest median price for a house in the 12 months to December 2022 was €152,000 in Longford, while the highest median price was €625,000 in Dún Laoghaire-Rathdown.