Mid-West Sees The Largest Rise In Residential Property Prices Outside Of Dublin

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As residential property prices continue to rise the region outside of Dublin that saw the largest rise in house prices was the Mid-West (Tipperary, Clare and Limerick,) at 9.7%, while at the other end of the scale, the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) saw a 5.4% rise.

The cost of purchasing a home increased by 7.9% nationally in the 12 months to April 2024, with prices in Dublin rising by 8.3% and prices outside Dublin up by 7.6%. The Central Statistics Office analysed details of 3,572 properties that changed ownership in April. 

In county Tipperary eight Eircode areas were analysed with Cashel reporting the highest median house price at €245,000 and Tipperary town the lowest at €160,000.  The data for Clonmel reveals a median price of €230,000 and €222,500 for Nenagh.  Carrick on Suir reports a median house price of €210,000 while the figure for Thurles is €200,000. Cahir reports a median value of  €185,000 and Roscrea  €175,000.

The national residential price index is now 9.6% above its highest level at the peak of the property boom in April 2007. Dublin residential property prices are 1.8% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 10.2% higher than their May 2007 peak.

The national median price of a dwelling purchased in the 12 months to April 2024 was €335,000.  The lowest median price for a dwelling in the 12 months to April 2024 was €169,000 in Longford, while the highest median price was €624,999 in Dún Laoghaire-Rathdown.