House prices in Dublin continue to rise.
The latest daft.ie report has found average costs rose by 3% in the first three months of 2024, compared to a rise of 1% seen a year ago.
The average price of a home in the capital is now €437,000, 12% below its peak in 2007.
However, that increase rises to as much as 6.9% in west Dublin, where the average house now costs over €375,200.
Nationally, housing prices rose by an average of 1.8% in the first three months of 2024, according to the latest Daft.ie House Price Report released today.
The typical listed price nationwide in the first quarter of 2024 was €326,469, 5.8% higher than in the same period a year earlier and 30% higher than at the onset of the covid19 pandemic.
Dublin Breakdown
Here's the breakdown of average house prices and the increase recorded in the first three months of 2024...
North County - €392,705 - 3.8%
North City - €407,275 - 4.3%
City Centre - €380,832 - 3.3%
South City - €469,158 - 1.4%
South County - €657,760 - 3.1%
West County - €375,226 - 6.9%
Dublin vs. The Rest of Ireland
Significant differences in trends across the country continue, with increases in general lower in and close to Dublin.
Prices in the capital were 3.2% higher in the first quarter of 2024 than a year previously, while in the rest of Leinster, the increase was 5%.
Cork City saw prices rise by 7.3% year-on-year, while Galway city saw an increase of 9.4%.
House Availability At All-Time Low
The number of homes available to buy nationwide on March 1st stood at below 10,500.
This is down 24% year-on-year and represents a new all-time low for the series which extends back to January 2007.
The number of homes to buy currently is just 40% of the 2019 average.
The fall in availability affects all major regions of the country and started in mid-2023, after 12consecutive months of recovering availability following lockdowns.
