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Residential property prices continued to rise in the year to October, with annual growth easing marginally to 7.3 percent, according to the latest data from the Central Statistics Office. This compares with a revised growth rate of 7.5 percent in September, suggesting price inflation remains strong despite signs of a gradual slowdown.

The figures show that the median price paid for a home over the 12 month period to October was €381,000. Significant regional differences remain a defining feature of the market. Dún Laoghaire Rathdown recorded the highest county level median price at €675,000, while Donegal had the lowest at €190,000. At Eircode level, the most expensive area was A45 in Oldtown, Dublin, with a median price of €875,000. The most affordable was F45 in Castlerea, County Roscommon, where the median price stood at €150,000.

Transaction volumes edged lower during the month. A total of 4,830 residential property purchases were filed with the Revenue Commissioners in October, representing a 1 percent decline compared with the same month last year. The overall value of these transactions amounted to €2.1 billion. This included 3,745 existing homes valued at €1.6 billion and 1,085 new dwellings with a combined value of €520.1 million.

Price growth continues to vary sharply between Dublin and the rest of the country. Property prices in the capital increased by 5.4 percent over the year, while prices outside Dublin rose by 8.9 percent. On a monthly basis, national prices increased by 0.6 percent in October. The CSO also confirmed downward revisions to September’s figures, with annual growth revised to 7.5 percent and monthly growth adjusted to 0.8 percent.

Within Dublin, house prices rose by 5.2 percent year on year, while apartment prices increased by 6.1 percent. Dublin City recorded the strongest house price growth at 6.1 percent, with Fingal seeing a more modest increase of 4.3 percent. Outside the capital, house prices rose by 8.8 percent and apartment prices climbed by 10.5 percent, highlighting continued pressure in regional markets.

The Midlands region, covering Laois, Longford, Offaly and Westmeath, experienced the highest rate of house price growth at 15.1 percent. In contrast, the West, including Galway, Mayo and Roscommon, recorded the lowest increase at 6 percent. While this may appear modest by comparison, it still represents price growth well above general inflation.

For buyers, sellers and investors, these figures reinforce a familiar pattern. Price growth may be easing slightly at a national level, though affordability challenges remain acute, particularly outside Dublin where demand continues to outstrip supply. From a financial planning perspective, it would be risky to assume that moderating growth equates to meaningful relief in housing costs, especially given ongoing supply constraints and strong regional demand.

Disclaimer: This article is based on publicly available information and is intended for general guidance only. While every effort has been made to ensure accuracy at the time of publication, details may change and errors may occur. This content does not constitute financial, legal or professional advice. Readers should seek appropriate professional guidance before making decisions. Neither the publisher nor the authors accept liability for any loss arising from reliance on this material.