In the 12 months to July 2023, house prices in Dublin fell by 1.8% while apartment prices were up by 0.1%. The highest house price growth in Dublin was in Fingal at 1.4%, while Dublin City saw a decline of 4.5%.

Outside Dublin, house prices were up by 3.9% and apartment prices rose by 2%. The region outside of Dublin that saw the largest rise in house prices was the South-East (Carlow, Kilkenny, Waterford, Wexford) at 4.8%, while at the other end of the scale, the Border region (Cavan, Donegal, Leitrim, Monaghan, Sligo) saw a 2.2% rise.

In July 2023, 4,174 dwelling purchases by households at market prices were filed with the Revenue Commissioners, a decrease of 6.1% compared with the 4,443 purchases in July 2022.

Households paid a median or mid-point price of €320,000 for a residential property in the 12 months to July 2023. The lowest median price paid for a dwelling was €160,000 in Longford, while the highest was €630,000 in Dún Laoghaire-Rathdown.

The most expensive Eircode area over the 12 months to July 2023 was A94 ‘Blackrock’ with a median price of €735,000, while F35 ‘Ballyhaunis’ had the least expensive price of €127,500.”

Commenting on the release, Niall Corkery, Statistician in the Prices Division, said, “Residential property prices rose by 1.5% in the 12 months to July 2023, down from 2.1% in the year to June 2023. In Dublin, residential property prices saw a decrease of 1.4%, while property prices outside Dublin were 3.8% higher in July 2023 than a year earlier.”

These figures represent the latest release from The Central Statistics Office (18 September 2023) releasing the Residential Property Price Index (RPPI) July 2023.

This follows a monthly report on Ireland’s construction industry showing that activity in the sector fell in July after a brief recovery in June. The BNP Paribas Real Estate (BNPPRE) Ireland construction Purchasing Managers’ Index (PMI) recorded 45.6 – down from 50.4 in June. Any figure below 50 means that activity fell.

Despite the falloff in workloads in July, construction firms continued to expand their staffing levels, with employment increasing for the seventh consecutive month. The rate of job creation was the fastest since February.

NB – This is a guide for information purposes only and does not constitute legal advice. If you have an issue requiring legal advice, please contact any of the team at Nolan Farrell & Goff LLP, whose numbers can be found on our website, or email