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HOUSE PRICES HAVE hit a record high as property prices have risen to 3% higher than they were at the peak of the property boom in April, 2007.
The latest findings from the Central Statistics Office show that residential property prices have increased by 129.7% from their low in early 2013.
Overall, the National Residential Property Price Index increased by 8.6% in the 12 months to November 2022, as prices went up by 7% in Dublin, and prices outside of Dublin went up by 9.8%.
The median price of a residential property purchased in the 12 months prior to November 2022 was €300,000.
The lowest median price regionally was €150,000 in Longford, while the highest median price was €620,000 in Dún Laoghaire-Rathdown.
Statistician Viacheslav Voronovich pointed out that the amount of dwellings purchased also increased as in November 2022 4,901 residential property purchases were filed with Revenue, an increase of 7.3% compared to the same period last year.
“The most expensive Eircode area over the 12 months to November 2022 was A94 ‘Blackrock’, with a median price of €745,000, while F35 ‘Ballyhaunis’ was the least expensive at €125,000,” Voronovich added.
The prices of new dwellings rose by 9.1% over the 12 month period. Overall, prices of new residential properties have risen by 93.3% since their trough in the middle of 2013, and the prices of existing dwellings are now 131.9% higher than their low in 2012.
The most frequent type of buyer within the time frame assessed by the CSO were former owner-occupiers, who purchased 53.5% of the properties bought, while first time buyers represented 33.2% of buyers, and non-occupiers represented 13.3%.
Social Democrats TD Cian O’ Callaghan has said that the continuing rise in house prices is “deeply concerning”.
“The Government needs to urgently change tack on its housing policy. The Minister must immediately act to increase the supply of social, cost rental and affordable purchase homes, and tackle delivery bottlenecks when it comes to land and financing.
“In addition, the scandalous waste of vacant properties must be confronted head on with the introduction of a punitive tax to heavily discourage leaving homes empty,” he said.
O’ Callaghan added that in his view, “given the prohibitive cost of home ownership, it is clear we cannot just rely on the property market to solve the housing crisis”.
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I saw him in Starbucks yesterday.
@Dj: the montage is a bit stiff
@Dj: oh boy that cracked me up
@Dj: oh boy that cracked me up
@Paddy Lynn: I overhead him complaining to the manager that his coffee wasn’t expensive enough.
@Dj: But was he as clean and well groomed as our 16th Century Paddy or Olaf of George because for all we know he could have been a blow in or a left over.
@Dj: haha lol
Dubliners have not evolved!
@oliverjumelle: Surely perfection cannot be improved :)
@Ken Hayden: Paper bag Maybe.
Alri’ bud.
A Hipster.
Looks like a young Barney McKenna from the Dubliners.. all he is missing is the banjo and pint of plain
No changes really
In other words, looks exactly like a current member of the DUP.
@Niall Lonergan: ??
@Niall Lonergan: my eyes are watering lol
A beautiful specimen
Looks like the same software they used to put a picture to Jesus
@⚡ Seánie ⚡: Which one? https://art-soulworks.com/products/prince-of-peace-canvas-art-print
@⚡ Seánie ⚡: Except with Jesus they didn’t have a skull. They just had someone draw a picture of a Middle Eastern man.
@Derek Walsh: With blue eyes and blond highlights!
@DaisyChainsaw: Alexander the Great and the Greeks had a great influence over the Jews at one time, they nearly became Greek for a while and the name Yeshua has a Greek influence as that is Jesus’s real name, similar to Joshua…
the dude abides!
Not much diversity in the Irish gene pool thus far so but we know that’s changing.
Sadly that’s changing.
Nope…. no blue jersey…
Story bud head on him!
Ah heeaar , Leave ir out .
These snapchat face filters are getting better all the time.
It’s Mick Pyro and Chris O’Dowd’s love child.
Is that you Barry?
Typical Dub, Very territorial, thinks there’s a difference between ‘Northside’ and ‘Southside’.
Calls everyone from outside Dublin a ‘bogger’ yet The Bog of the Ring exists in Dublin.
@eastsmer #IRExit: Man o War is in Dublin too but we don’t go around in tight leather shorts singing about swords and sorcery.
Getting ready for winter thon lad
Anyone buyin or sellin ?
They bloody haven’t changed much. 16th century looks, 16th century attitudes !!
@Pat Butler: what is a 16th century attitude? Come up to Leo Burdocks. Get some salt and vinegar on that chip on your shoulder.
i wonder how the”Dublin man” would look in the 26th century any ideas??
Giz a pint of bud bud
Evolved Evolved enough to destroy westmeath
…still trying to pay off his mortgage
It bad at all!
Val Kilmer is that old. Wow !
@The Jacket haha the iceman’s let himself go! I’ll be your wingman any century
@Noel James Doherty: Lol Lol double of Kazanski !
Like a Viking then?
Looks like Liam Neeson
Why are facial reconstructions always cross-eyed?
Absolutely disagree…obviously from Mayo (cross-eyed can’t see goal post to score(hair style is a throw back to the Phoenicians of Tyre who set up canton in Castlebar….the squint in hiseye has obviously had work done on it witch proofs he was well heeled and he kept fit by climbing the reek (soil under his toe nails same as limestone found in Mayo and Clare….
Looks a bit too tanned
@Rui Firmino: the cheek of you saying that
No change then
what was the point of the exercise, did they expect any difference to ourselves seriously, 3 or 400 years doesn’t change facial or head characteristics, this is so general it could be any modern human.
have your say