Irish house prices rise by over 10% in a year

House prices in the State continued to increase in August and hit double-digit growth, with the national Residential Property Price Index (RPPI) increasing by 10.1 per cent in the 12 months prior.

Prices in Dublin rose by 10.8 per cent and prices outside Dublin were up by 9.6 per cent.

In August 2024, 3,990 dwelling purchases by households at market prices were filed with the Revenue Commissioners, down by 14 per cent when compared with the 4,640 purchases in August 2023.

The median price of a dwelling purchased in the 12 months to August 2024 was €345,000.

The lowest median price for a dwelling in the 12 months to August 2024 was €175,000 in Longford, while the highest median price was €635,000 in Dún Laoghaire-Rathdown.

In Dublin, residential property prices saw an increase of 10.8 per cent, while property prices outside Dublin were 9.6 per cent higher in August 2024 when compared with a year earlier.

In the 12 months to August 2024, house prices in Dublin rose by 11.6 per…