According to the latest data from the Central Statistics Office, property prices increased by 8.1% in the 12 months leading up to January this year. In Dublin, the cost of purchasing a home rose by 7.5%, while prices outside the capital saw a higher increase of 8.6%.
The national median price for a home in January was €359,999. The highest median price was recorded in Dún Laoghaire-Rathdown at €662,349, while Leitrim had the lowest at €180,000.
While property prices continue to rise, the pace of growth has slowed compared to the 12 months to August of last year, when prices were climbing at 10.1%. Nevertheless, prices are now 16.9% higher than their peak during the property boom in 2007 and have increased by 160.7% since their low point in early 2013.
The CSO also reported that the most expensive Eircode area in the 12 months leading to January was A94 (Blackrock) with a median price of €743,500, while the least expensive was H23 (Clones) at €133,000.
The region outside Dublin that experienced the largest growth in house prices was the Border area (Cavan, Donegal, Leitrim, Monaghan, and Sligo), with a rise of 12.7%. In contrast, the Mid-East (Kildare, Louth, Meath, and Wicklow) saw a more modest increase of 5.8%.