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HOUSE PRICES NATIONALLY have increased by close to 157% from their low point in early 2013, according to the Central Statistics Office.
The CSO today published its Residential Property Price Index (RPPI) for October.
The RPPI measures the change in the average level of prices paid by households for residential properties and excludes non-household purchases, non-market purchases and self-builds.
It revealed that property prices nationally have increased by 156.9% from their trough in early 2013, while Dublin house prices have risen by 156.2% from their February 2012 low.
Meanwhile, house prices nationally are 15.2% higher when compared to the peak of the property boom in April 2007, with Dublin prices 3.4% higher than its February 2007 high.
Elsewhere, the cost of a home nationally increased by 9.7% in the 12 months to October, down from an increase of 9.9% in the year to September and 10.1% in the year to August.
The median, or mid-point, cost of a house nationally in the year to October was €350,000.
In Dublin, residential property prices saw an increase of 10.4%, while property prices outside Dublin were 9.2% higher in October when compared with a year earlier.
However, the border counties of Cavan, Donegal, Leitrim, Monaghan and Sligo saw the largest increase in house prices, up 14.4% in the year to October.
On the other end of the scale, the Mid-East (Kildare, Louth, Meath and Wicklow) saw a 7.5% rise in house prices.
The lowest median price paid for a home was €179,000 in Leitrim, while the highest was €645,000 in Dún Laoghaire-Rathdown.
Meanwhile, the most expensive Eircode area over the year to October 2024 was ‘Dublin 6′ with a median price of €725,000, while H23 ‘Clones’ had the least expensive price of €118,500.
Social Democrats TD and the party’s housing spokesperson Cian O’Callaghan the median price of a home means that “a generation continues to be locked out of homeownership”.
“When the outgoing government took office in June 2020, the median price for a home in Ireland was €260,000,” said O’Callaghan.
“Since then, the price of a home has increased by a staggering €90,000.”
He added: “This explains why there are over half a million adults stuck in their childhood bedrooms, and almost 15,000 people – including more than 4,600 children – living in emergency homeless accommodation.”
O’Callaghan called on the next government to “ensure there is a radical reset of housing policy to make owning a home of your own more than just a pipedream”.
Elsewhere, Brokers Ireland said the new government “must prioritise increasing supply over any other issue in the housing market”.
Rachel McGovern, Deputy Chief Executive at Brokers Ireland said “we’re very far from building what’s needed”.
She warned that if the economy turns, “we could find ourselves looking back and regretting not fixing the many impediments to building homes while the economy was booming”.
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The health service isn’t “overlooked”. It’s just terribly ran and inefficient.
@Seán Ó hAnnracháin: Agree the Irish Health Service consumes 11% of our GDP v 9% average for other EU countries. Transparency needed on unit production. How many total manhours per procedure (direct and all indirect) v international benchmarks? Please publish.
- 2 Tier Irish Health System is obscene.
- Belfast buses from West Cork for cataract operations.
Tidal wave of health and mental issue s will follow.
The worse is yet to come.
‘Overlooked’ as in intentionally underfunded to scare people into the arrms of private health insurance companies.
“That’s the standard technique of privatization: defund, make sure things don’t work, people get angry, you hand it over to private capital” – Noam Chomsky
@The Risen: Funding has increased by 1/5 over the past 5 years, so the HSE is definitely not being “underunded”, but epically mis-managed. But don’t let facts get in the way of your little rants.
@The Risen: it’s a thought but I don’t really think so there are a lot off buffoons in charge
@The Risen: nothing underfunded about our health service… It’s run by a bunch of interest groups who are more concerned with their share rather than the health of the nation. Top heavy management that wasn’t thinned out in the move from Health Boards to the HSE maintains the lack of value and continuing inefficiency of any investment. Hospitals owned or managed by “patrons” despite being funded and developed by the state limit the mobility and efficiency of trained staff. Working practices designed to ensure as much staff as possible are paid at higher levels and a ridiculous consultant contract all contribute to ensure that any individual procedure actually costs more than the equivalent in a private setting, any of the double jobbing consultants will confirm this.
@The Risen: You say this because the HSE SHOULD BE a leftists’ wet dream – a big public sector (union dominated) organisation running our health system for the benefit of the public. But it’s a disaster. But that’s ok, because just blame the mean Gov or those evil capitalists. Hate to burst your bubble, but the HSE is the way it is because it is dominated by public sector vested interests (i.e Unions). There is no real accountability. There is no desire from within for change and any significant change is fought tooth nail because the status quo suits the special interests (i.e PS unions)- they’ve carved it out this way. At least if you’re paying for a service, the provider has an interest in providing you a good service. The HSE bureaucrat has no such interest, they are paid regardless.
All future governments will tie up the banking crisis borrowings with loans from Covid and will blame “Covid” for everything for years to come.
What health service as its near impossible to even see a GP these days
have your say