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Property prices jumped by 8.1% in the 12 months to January this year, according to figures released by the Central Statistics Office, CSO, on Wednesday. Property prices in Dublin rose by 7.5% and prices outside Dublin were up by 8.6% compared with January 2024. The median price of a dwelling purchased in the 12 months to January this year was €359,999, figures showed. The highest median price for a dwelling was €662,349 in Dun Laoghaire-Rathdown, while the lowest was €180,000 in Leitrim. The most expensive Eircode area over the 12 months to January 2025 was Blackrock with a median price of €743,500, while Clones in Co Monaghan had the least expensive price of €133,000. In January this year, 3,801 dwelling purchases by households at market prices, with a value of €1.6 billion, were filed with the Revenue Commissioners, an increase of 5% when compared with the 3,621 purchases in January 2024. These purchases were made up of 2,824 existing dwellings with a value of €1.2 billion, and 977 new dwellings with a value of €459 million. Revenue data shows that there were 1,504 first-time buyer purchases in January 2025. Outside of the capital, house prices were up by 8.9% and apartment prices rose by 5%. The region outside of Dublin that saw the largest growth in house prices was the border which includes Cavan, Donegal, Leitrim, Monaghan, and Sligo at 12.7%, while at the other end of the scale, the mid-east Kildare, Louth, Meath, and Wicklow saw a 5.8% rise. Niall Corkery, statistician in the CSO prices division, said: ‘Residential property prices rose by 8.1% in the 12 months to January 2025, down from 8.8% in the year to December 2024. ‘In Dublin, residential property prices saw an increase of 7.5%, while property prices outside Dublin were 8.6% higher in January 2025 when compared with a year earlier.’ Property prices nationally have increased by 160.7% from early 2013. Dublin residential property prices have risen by 158.3% from their February 2012 low, whilst residential property prices in the rest of Ireland are 171.8% higher than May 2013. By Cate McCurry Press Association: News source: PA Copyright 2025 Alliance News Ltd. All Rights Reserved.
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