Residential property prices rose by 2.6% in January

Property prices across the country rose by 2.6% in the year to January, according to the latest figures from the Central Statistics Office, which was an increase on the 2.2% recorded in the year to December.

Prices for properties in Dublin rose by 1.1%. Meanwhile, the CSO said that residential property prices in the rest of the country rose by 4%.

CSO figures show that existing dwellings made up 81% of purchases. First time buyers accounted for 33.4% of purchasers, movers 53.1% and investors 13.5%. 

They also reveal that the median or mid-point price paid for a property was €261,000 nationally. In Dublin, it was €385,000.

The postcode with the highest median price was Blackrock, Dublin, at €622,500.  Outside Dublin it was Greystones, Wicklow at €450,000.

Read full article: RTE.ie