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HOUSE PRICES NATIONALLY have increased by close to 157% from their low point in early 2013, according to the Central Statistics Office.
The CSO today published its Residential Property Price Index (RPPI) for October.
The RPPI measures the change in the average level of prices paid by households for residential properties and excludes non-household purchases, non-market purchases and self-builds.
It revealed that property prices nationally have increased by 156.9% from their trough in early 2013, while Dublin house prices have risen by 156.2% from their February 2012 low.
Meanwhile, house prices nationally are 15.2% higher when compared to the peak of the property boom in April 2007, with Dublin prices 3.4% higher than its February 2007 high.
Elsewhere, the cost of a home nationally increased by 9.7% in the 12 months to October, down from an increase of 9.9% in the year to September and 10.1% in the year to August.
The median, or mid-point, cost of a house nationally in the year to October was €350,000.
In Dublin, residential property prices saw an increase of 10.4%, while property prices outside Dublin were 9.2% higher in October when compared with a year earlier.
However, the border counties of Cavan, Donegal, Leitrim, Monaghan and Sligo saw the largest increase in house prices, up 14.4% in the year to October.
On the other end of the scale, the Mid-East (Kildare, Louth, Meath and Wicklow) saw a 7.5% rise in house prices.
The lowest median price paid for a home was €179,000 in Leitrim, while the highest was €645,000 in Dún Laoghaire-Rathdown.
Meanwhile, the most expensive Eircode area over the year to October 2024 was ‘Dublin 6′ with a median price of €725,000, while H23 ‘Clones’ had the least expensive price of €118,500.
Social Democrats TD and the party’s housing spokesperson Cian O’Callaghan the median price of a home means that “a generation continues to be locked out of homeownership”.
“When the outgoing government took office in June 2020, the median price for a home in Ireland was €260,000,” said O’Callaghan.
“Since then, the price of a home has increased by a staggering €90,000.”
He added: “This explains why there are over half a million adults stuck in their childhood bedrooms, and almost 15,000 people – including more than 4,600 children – living in emergency homeless accommodation.”
O’Callaghan called on the next government to “ensure there is a radical reset of housing policy to make owning a home of your own more than just a pipedream”.
Elsewhere, Brokers Ireland said the new government “must prioritise increasing supply over any other issue in the housing market”.
Rachel McGovern, Deputy Chief Executive at Brokers Ireland said “we’re very far from building what’s needed”.
She warned that if the economy turns, “we could find ourselves looking back and regretting not fixing the many impediments to building homes while the economy was booming”.
The Commissioners contract was extended to June 2025 which is quite unbelievable given that he is trying his level best to destroy the organisation be it intentionally or otherwise. The Government are just sitting back and watching the whole thing burn before their eyes.
@Gregson from the Block: Requiring accountability that’s all. They have been a law onto themselves previously.
I own a small business in my town and regularly see the same guarda out and about in the town weather that be during the day or on Saturday nights. It seems that there is about 20% of people doing 90% of the work ? I’m well aware that there is a greater number of guards in the station but what do they do ??
And attendance at dodgy parties no doubt
@Anne Busher Collins: that was a civil servant working for the Garda Ombudsman, no serving Gardai work in there
@Anne Busher Collins: ah bless poor Anna doesn’t know the difference between GSOC and the Gardai
@johnbrady: hmmm and yet you seem to be dismissive of the seriousness of organised crime infiltrating both Garda and GSOC / organised crime gangs that manages to use Garda Uniforms for a murder / leading detectives working on that specific case committing suicide in a Garda station / a a member of GSOC who investigate the Garda attending the party celebrating the release / and you think trying to be condescending and splitting hairs over the organisation structures of our police force is somehow going to deflect from the scandal – jog on
@Disco Inferno: not necessarily correct … there have been gards there on secondment
@Dave Hammond: wearing boiler suits and military helmets with AK 47s none of which were garda issued
@Mc Comascaigh Paul: There aren’t any currently, and that secondment ended 2 years ago.
@johnbrady: The condescending arrogance is breathtaking, (To Anne Busher). From Maurice McCabe to Paul Reynolds suggesting the monk was tipped off because he was ‘always ahead of the game’ to the many Gardai personally abusing Drew Harris because of his attempted reforms. Criticism ok, personal abuse that should be beneath ye. Can ye not see the damage the few are doing to the majority of cops and to the public with arrogance like that. Nobody is perfect but you need to understand that before you can begin to put it right. The saddest thing is we ALL want to be supportive of the Gardai but boy do ye make it difficult.
@Disco Inferno: oh ye?, suppose they don’t need it anymore given that they send most investigations on to be investigated by AGS anyway !!
@Disco Inferno: heard he was a great lad all together
Westport, nice 3 days. I see suspension of Garda is going to be a talking point. A more valid talking point would be dismissal of Garda . The organization has lost the publics respect in many areas. Another one recently caught in Dublin airport with a pocket full of white .
I’m expecting the same ‘outrage’ we see for education…
@thesaltyurchin: why?
@William slevin: par for the course no?
@thesaltyurchin: so people complain about the teachers they must also need to complain about the garda?
Here I’ll help you out the garda organisation as an organ of the state is corrupt…they have an us and them mentality, many see themselves as seperate to the people they serve they in fact think they are superior to the people they serve…many of the population got to see the nasty side of many a garda during the pandemic…
Examples of garda abuse and corruption are a couple of mayo garda joking about raping a woman protestor, who was protesting about the corrib oil fields I think it was…she secretly recorded it and used it as evidence against them…
Then their was the false breathalyser tests over a million of them…
Hitting on rape victims giving their statements…
The entire corruption that garda mcabe exposed…which two commisioners had to step down…
A ban Garda drug addict selling information for drugs to drug dealers in sligo…
Garda commiting purgery in court just to get a conviction…
Garda fasley arresting people without reasonable cause…
Garda assaulting members of the public…
Garda extorting foreign dilveroo drivers…
The list is near endless amount of corruption in the garda organisation and just about all of what of just said has been reported by thejournal.ie at one point or another.
As far as I can tell and i won’t say this about every garda because I’ve met some good ones…but it seems to be as an organisation and a culture with the garda they have a disdain for the people they serve why otherwise would their be so much abuse and corruption amongst their ranks…
Hope that satisfied you
@William slevin: Pretty concise evaluation Bill. I’m alluding to those that would look to make our only 2 functioning institutions worse rather than better, teachers are the easier target tbf, in this instance I’ve had too few run ins with Garda to really have an opinion of any nuance, but I appreciate that people’s taxes have insured desirable, necessary employment that can maintain a reasonably middle class life (depending on ones circumstance, family etc). Accountability is needed across the PS tho
@thesaltyurchin: the garda aren’t a function ing institution what they are is a self corrupt self serving institution…
As for the teachers and the school system…I call them the murder machine as in the murder of young minds, literally then came across a pamphlet book in my early 20′s by padrig Pearce called the murder machine…speaking similarly of my thoughts but of the british education system murdering young irish minds…
Today it hasn’t changed the education system is their for the self serving establishment…the entire system needs an overhaul…not everyone needs academics…many are best placed in trades from a young age early teens…were placing to much on the class room for learning…to much on a single piece of paper over experience on the job training and that includes business and so on…
These two institutions are as dysfunctional as the rest and only exist to serve themselves and the establishment…
have your say