Dublin residential prices post minor declines

Residential property prices in Dublin fell in the final quarter of 2022. The price index for the Capital declined by a combined 0.6% across the three months of Q4 to stand at 150 in December. This is a positive development for potential housebuyers who are currently facing saving and affordability challenges from the rising cost of living and interest rate hikes. On a YoY basis, prices in the Capital remained up by 6% in December, though this was the slowest rate of growth in 18 months. In contrast, prices outside Dublin continued to grow MoM and YoY in December, with respective rates of 0.7% and 9.3%.