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These are the most expensive places to buy a home outside Dublin by Eircode

The CSO’s latest residential property price index shows an annual increase of 9.6% in the cost of homes in Ireland.

THE CSO HAS published its property price index for March 2017. Following on trend for the last few years, the price of housing in Ireland continues to rise.

In the year to March, residential property prices increased by 9.6%. House prices in Dublin for this period were up 8.2%, and 11.8% higher in the rest of the country.

The CSO also provided a breakdown of the average cost of a house or apartment by Eircode, with Dublin postcodes predictably the most expensive in the country.

Outside of Dublin, the most expensive places to buy were Greystones, Bray and Kinsale.

At the other end of the spectrum, the least expensive Eircode area in which to buy a home was Castlerea, Clones and Ballyhaunis.

eircode Source: CSO

Breakdown

The most expensive place in the country to purchase a residential property was Dublin 6, which includes Ranelagh, Rathmines and Milltown.

The average price here is €726,508.

Next is Dublin 4, encompassing the likes of Ballsbridge, Donnybrook and Ringsend, where the average price is €709,567.

In third is the Eircode for Blackrock, where the average price is €650,219.

d10 Source: CSO

The least expensive place to buy a property in the capital was Dublin 10. The average cost here is €171,889.

House prices in Bray and Greystones, in fact, were far higher than some parts of Dublin, at an average of €366,670 and €405,100 respectively.

Outside of Leinster, no Eircode area has an average price exceeding €300,000 with the exception of Kinsale, Co Cork.

The average price here is €347,341.

At the other end of the spectrum, average house prices dip below €100,000 in numerous areas in Ulster, Connacht and Ulster.

Castlerea in Co Roscommon has the lowest prices in the country, with an average of €68,831.

The next lowest is Clones, Co Monaghan at €79,432, followed by Ballyhaunis, Co Mayo.

Surge

Since house prices flatlined in 2013, there has been a surge nationwide in the cost of homes with the average cost increasing 50.4%.

Prices in Dublin in this time have risen a whopping 67.6%, while the rest of Ireland has risen by 46.3%.

In the past year, only the area of Fingal recorded modest growth in house prices with a rise of 2.2%.

Read: Irish house prices are up by a huge 11% – and more rises could be on the way

Read: Saving for a house? The average price is now €230,000

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Sean Murray

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