Irish House Prices Rise 5.5% in 2025 as Supply Tightens Nationwide
Ireland’s housing market continued to experience significant upward pressure in 2025, according to the latest Daft.ie House Price Report. National list prices rose by 5.5%, while transaction prices increased by 7.4%, marking another year of strong growth despite a slight slowdown from 2024. Prices now sit 41% above pre‑Covid levels and just 10% below Celtic Tiger peaks.
Severe Shortage of Homes for Sale
The report highlights a persistent and deepening supply issue. On 1 December 2025, only 11,551 second‑hand homes were listed for sale nationwide—less than half the 2015–2019 average.
- Dublin is the only region showing signs of recovery, with stock up 20% year‑on‑year.
- Elsewhere, availability remains extremely tight, particularly in Munster (–70%) and Connacht–Ulster (–65%) compared with pre‑Covid norms.
Regional Price Trends
Price growth varied sharply across the country:
- Dublin: +3.1% (slowest growth)
- Other major cities: +4.5%
- Leinster (ex‑Dublin): +7.3%
- Munster (ex‑cities): +5.7%
- Connacht–Ulster (ex‑Galway): +11.6% (fastest growth)
Since 2020, prices have risen 28% in Dublin but 67% in Connacht–Ulster, reflecting the far tighter supply outside the capital.
Market Heat Near Record Levels
Competition among buyers remains intense. The typical home sold for 6.6% above its initial asking price, close to the highest level recorded.
- In Dublin and Munster, the gap is even wider at nearly 8%, signalling strong bidding pressure.
New‑Builds Driving Transaction Growth
There were 57,889 market transactions in the year to September 2025, up 3% annually.
- Growth was driven entirely by new‑build homes, with sales rising 17%.
- Second‑hand transactions were effectively flat.
- Dublin accounted for most of the increase, with 1,300 additional new‑home sales.
The median price of a new home reached €375,000, up 10% year‑on‑year.
Outlook for 2026
Market participants surveyed by Daft.ie expect prices to rise by 3.8% in 2026—slightly lower than last year’s expectations but still indicating continued upward pressure.