The national Residential Property Price Index (RPPI) shows house price increases for Ireland were 14.4% in the 12 months to May 2022, with prices in Dublin rising by 11.7% and prices outside Dublin up by 16.6%.
The May outcome compared with 14.5% recorded in April and 15.1% in Mach and February.
In May 2022, 3,730 dwelling purchases by households were filed with the Revenue, an increase of 16.3% compared to May 2021.
The median price of a dwelling purchased in the 12 months to May 2022 was €290,000, according to the CSO analysis. The lowest median price for a house was €138,000 in Longford.
The Dublin region had the highest median price (€413,000) in the year to May. Within the Dublin region, Dún Laoghaire-Rathdown had the highest median price (€601,000), while South Dublin had the lowest (€375,000).
In Association with
The highest median prices outside of Dublin were in Wicklow (€397,000) and Kildare (€347,000).
In Dublin, house prices increased by 11.9% and apartment prices by 11.3% on an annual basis.
The highest house price growth in Dublin was in Dublin City at 14.1%, while Dún Laoghaire-Rathdown saw a rise of 9.2%.
Outside Dublin, house price increases were up by 16.8% and apartment prices rose by 14.0%.
The region outside of Dublin that saw the largest annual rise in house prices was the South-East at 21.5%, while at the other end of the scale house prices in the Mid-West increased by 11.4%.
Existing dwellings accounted for 83% of the dwelling purchases filed with the Revenue Commissioners in May 2022. The balance were new dwellings.
In the year to May, 47,630 dwelling purchases by households at market prices were filed with Revenue. Of these, 32.6% were purchased by first time buyer owner-occupiers, while former owner-occupiers purchased 53.4%. The balance of 6,670 properties (14%) were acquired by non-occupiers.
Revenue data shows that there were 1,213 first-time buyer purchases in May 2022, an increase of 31.6% on May 2021. These purchases were made up of 345 new dwellings and 868 existing dwellings.
