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RESIDENTIAL PROPERTY PRICES rose by 14% nationally in the 12 months to November 2021, the 13th consecutive month of growth in the market.
The Residential Property Price Index for November 2021, which was published today, shows that home prices outside Dublin were 15% higher in the year to November, while prices in the capital rose by 12.8%.
The new data released by the Central Statistics Office (CSO) shows that Dublin house prices increased by 13.5% while apartment prices rose 9.7%.
Outside Dublin, house prices rose 14.8% and apartment prices increased by 17.5%.
The region outside of Dublin that saw the largest rise in prices was the Border, where a 23% jump was recorded. At the lower end of the scale, the Mid-East and the Mid-West saw a 12.6% rise.
The statistics show that the median price of a home purchased in the 12 months to November 2021 was €276,000.
The lowest median price for a house was €129,000 in Longford, while the highest median price was €590,00 in Dún Laoghaire-Rathdown.
The month saw 4,566 dwelling purchases filed with Revenue, an increase of 7.8% compared to November 2020. Existing dwellings accounted for 83% of the purchases filed, the rest were new homes.
Property prices nationally have increased by 112% from their trough in early 2013.
Dublin prices have risen 118% from their low in February 2012. Prices in the rest of the country are 114% higher than their low-point, which came in May 2013.
The national index remains 5.1% lower than its highest level in 2007. Dublin prices are 12% lower while the rest of Ireland is 6.9% lower.
The Institute of Professional Auctioneers & Valuers (IPAV), said one-off houses combined with work from home changes are driving the increasing prices.
“Many areas of the country that would not previously have been seen as ideal locations for urban workforces, have now taken on that status, arising from blended work opportunities,” IPAV’s Pat Davitt said.
“I would anticipate that at year end price increases for the year will have tapered to a little over 10% or thereabouts,” Davitt added.
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What About all the paedophiles the ira/sinn fein protected through their kangaroo courts….I’m happy enough with 26 counties, maybe even 25, done gal can go too..
Make a separate country of the 7 counties
@hi from heaven: does that mean we won’t have to pay for the pyrite scandal.If so I’m in.
@hi from heaven: Doesn’t matter either way, in 10 years we’re all going speaking Arabic and praying 90 times a day.
@hi from heaven: you know nothing about earth never mind heaven.
@IzwvqAph: bigot
@IzwvqAph: I’ve been hearing that for the last 10 years bro
@Anthony Curran: Stephen likes to live in a fantasy world.
@hi from heaven: Go across the water with west Brit.
@Brendan O’Brien: Here Factor 50, shush. Get your wellies on, rain is forecast.
@Daniel Roche: Why don’t you go live up in Northern Ireland if you’re so worried about it
@Ger Whelan: I live in Ireland with the other 32 counties of Ireland. Why don’t you take your West Brit ship home.you won’t leave too much of a coward,people in the North of Ireland are as irish as me living in Limerick
@Ger Whelan: I’m worried about donegal,do I have to move to each irish County? You have shown your West Brit colours. Did your family take the soup, too? It explains a lot.
@Daniel Roche: Except you don’t. There isn’t a country called Ireland. There is an Island of Ireland which has 2 countries on it, the Republic of Ireland and Northern island. No amount of childishness from you will change that absolute fact..
@IzwvqAph: Speak for yourself.
Wow…not seen SF in the news in ages…something must be up
@Ash Pleed: they were hiding. But now they need an urgent distraction away from one of their bigwigs being charged with three murders.
@John Mulligan: ‘ one of their bigwigs’ ? I hope you’ve got proof after making such an accusation?
death penalty instead of review…vermin
@well done to all the rescue teams: No, death is too good for him let him rot is a 6×4 windowless jail cell for 24hrs a day. No daylight or contact with others until the day he finally dies
@Ger Whelan: sounds good too!
Jim Jennings of RTE content department is rumored to be joining The top of Disney movie dept.
@Stanley darsh: I doubt it…that man was very very very very very very very sick could not even make the pac hearings for a day, according to his doctor, and I very much doubt his doctor would lie
@hi from heaven: it’s a shame he had to leave, he had such an eye for quality and talent.
Ffg have been protecting child abusers since the foundation of the state and a section of irish society are turning a blind eye to vile abuse
I am pat cusack a victim of michael shine who was abused over 20 times by him in hospital. Anyone calling for justice for the 300 plus victims of shine is doing good.
I think some of the previous comments are irrelevant and un helpful. When will we ever cop on Shine will be shown after death of course to be the most prolific independent serial sexual abuser/paedophile in Europe if not the world..everyone should be calling for the truth..
have your say