Residential property prices rose by 7.8 per cent in the 12 months to December 2022, according to the latest figures from the Central Statistics Office (CSO).
The report for December shows that house prices in Dublin were up 6 per cent with prices outside Dublin up 9.3 per cent.
The CSO said the value of its residential property price index in December, at 169 points, was 3.3 per cent above its highest level recorded at the peak of the economic boom in April 2007.
Property prices nationally have increased by 130.3 per cent from their trough in early 2013. Dublin residential property prices have risen by 132.2 per cent from their February 2012 low, whilst residential property prices in the Rest of Ireland are 136.9 per cent higher than at the trough, which was in May 2013.
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In a nutshell
Residential property prices rose by 7.8 per cent in the 12 months to December 2022, down from 8.5 per cent in the year to November 2022, and from the high values of 15.1 per cent in the 12 months to February and March 2022.
In Dublin, residential property prices saw an increase of 6 per cent, while property prices outside Dublin were 9.3 per cent higher than a year earlier.
In Dublin, house prices increased by 6.1 per cent and apartment prices were up by 5.4 per cent. The highest house price growth in Dublin was in South Dublin at 11 per cent, while Dublin City saw a rise of 3.5 per cent.
Outside Dublin, house prices were up by 9.6 per cent and apartment prices