📈 Key Trends in Ireland’s Property Market

1. House Price Growth Slowing Slightly but Still Rising Strongly

   • According to the CSO’s RPPI, national residential property prices increased by ~7.5% year‑on‑year in July 2025. Central Statistics Office

   • In Dublin the increase is lower, ~6.0‑6.6%, whereas outside Dublin it’s higher (~8.6‑8.8%) in many cases. Central Statistics Office+2Central Statistics Office+2

   • The growth rate is down somewhat from earlier in 2025 (when some months were ~8.0%) suggesting mild cooling, but still well above what many might consider “stable”. Central Statistics Office+2Central Statistics Office+2

2. Disparities Between Dublin vs Rest of Ireland / Regions

   • Outside Dublin, house‑price inflation is generally higher. Some areas (e.g. Border counties) have seen double‑digit increases. Central Statistics Office+2beirnecapital.com+2

   • Some regions still remain much cheaper — for example, in Leitrim the median house price is ~€180,000, very different from high‑end Dublin suburbs. Central Statistics Office

3. Supply Constraints Remain a Major Pressure

   • Number of second‑hand homes for sale is at very low levels — Daft.ie data shows fewer than ~9,300 second‑hand homes available nationally at certain points, the lowest since records began in 2007. beirnecapital.com+1

   • New home completions have seen some surge: In Q2 2025, new home building rose ~35% year‑on‑year. Reuters

   • However, even with construction increases, it may not be enough to offset the lack of listings plus high demand.

4. Median Prices & What Buyers Are Paying

   • Median residential property prices are around €370,000 in mid‑2025. Central Statistics Office+1

   • Highest medians: Dún Laoghaire‑Rathdown (~€670,000+). Lowest: Leitrim and some border / more rural areas (~€180,000‑€195,000). Central Statistics Office+1

5. Affordability & First‑Time Buyers Under Pressure

   • Rising prices + supply constraint + interest rates make it tougher, especially for first‑time buyers. There’s still a market of first‑time buyers, but many are being priced out or pushed to more peripheral or rural locations. Central Statistics Office+1

   • Mortgage / borrowing costs remain an important factor (though specific data varies).

6. Rent Market Pressures

   • While the official recent CSO data focuses more on sale prices, there are reports (e.g. Daft.ie) of record high rents in many areas, especially in and around Dublin, Galway, Cork. Supply again is a big factor. beirnecapital.com+1

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