DUBLIN — Irish house prices continue their steady climb, with the median home now costing €374,999, a 7.5% increase in the 12 months leading up to July 2025, according to the latest figures from the Central Statistics Office (CSO). While this represents a slight dip from the 7.9% inflation rate recorded in June, experts caution that this moderation may be a temporary summer lull.
The CSO’s Residential Property Price Index highlights a significant disparity in growth between Dublin and the rest of the country. Property price inflation outside the capital, at 8.7%, continues to outpace Dublin’s 6% rise. The Midlands region, comprising Laois, Longford, Offaly, and Westmeath, saw the most significant growth at 10.9%. The South-East (Carlow, Kilkenny, Waterford, and Wexford) and the South-West (Cork and Kerry) both experienced an 8.1% increase.
The data reveals the dramatic long-term rise in prices, which are now 20.9% higher than the peak of the “Celtic Tiger” in April 2007. They are also nearly 170% higher than the market’s low point in early 2013.
In July 2025, a total of 4,712 homes were purchased, with new homes accounting for 24.3% of these transactions. First-time buyers made up just over 37% of the purchases in the last year, while previous homeowners accounted for more than half (52.1%).
The most expensive place to buy a home, according to Eircode, was A94 Blackrock, with a median price of €795,000. In contrast, the most affordable area was F45 Castlerea, where the median price was €150,000.
Trevor Grant, chair of Irish Mortgage Advisors, noted that the slight slowdown in inflation during the summer months is “not unusual.” However, he warned that this could be short-lived, with a potential increase in price growth expected in the busy autumn months of September and October.
Grant expressed “deep concern” over the CSO data released earlier this week, which showed a 12.5% fall in the number of new homes granted planning permission in the second quarter of 2025. This, he stated, “doesn’t bode well” for a market already struggling with a severe supply shortage.
The continuing surge in property prices comes as the government prepares to publish a new, “more focused and succinct” housing plan next month. During the Fianna Fáil think-in, Taoiseach Micheál Martin criticized local authorities for a lack of action on land rezoning and warned that the government would use legislation to rezone land for housing if they do not cooperate. “If we’re to have a sustainable future in housing, we simply have to zone more land,” he said, emphasizing the need to plan for the years to come. Sources and related content
