House prices rise at lowest annual level since early 2024

The median price of a home purchased in the year to May was €395,000. Alamy Housing The annual rise in house prices has held steady at 6.2%. HOUSE PRICES HAVE increased at their lowest annual level since February 2024. Data published today by the Central Statistics Office (CSO) found that the Residential Property Price Index (RPPI) increased by 6.2% in the year to May, unchanged from the month previous. The RPPI is designed to measure the change in the average level of prices paid by households for residential properties sold in Ireland. Meanwhile, the median, or mid-point, price of a home purchased in the year to May was €395,000. The highest median price for a home was €689,325 in Dún Laoghaire-Rathdown, while the lowest median price was €198,000 in Longford. And while property prices in