During the second quarter of 2024, Wicklow was the priciest county for purchasing residential real estate in Ireland. The average list price of a house in Wicklow was more nearly ******* euros. Notably, Dublin's city center and Kildare also joined the ranks of expensive housing areas, with average listing prices surpassing ******* euros and ******* euros, respectively. In contrast, Leitrim emerged as the most affordable place to buy residential real estate, with an average list price exceeding ******* euros. House prices in many counties exhibited an annual increase, with Tipperary reporting the highest, by ** percent.

Housing Index in Ireland increased to 197.70 points in July from 196.10 points in June of 2025. This dataset provides the latest reported value for - Ireland Residential Property Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Residential Property Prices for Ireland (QIEN628BIS) from Q1 1970 to Q2 2025 about Ireland, residential, HPI, housing, price index, indexes, and price.

House Price Index YoY in Ireland decreased to 7.50 percent in July from 7.90 percent in June of 2025. This dataset includes a chart with historical data for Ireland Residential Property Prices YoY.

Key information about House Prices Growth

• Ireland house prices grew 8.7% YoY in Dec 2024, following an increase of 9.6% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 2006 to Dec 2024, with an average growth rate of 5.3%.
• House price data reached an all-time high of 20.4% in Oct 2014 and a record low of -21.7% in Aug 2009.

House prices in Ireland have been on an upward trend since 2013, with a brief period of decline in 2020 and 2023. In the fourth quarter of 2024, nominal prices rose by 9.36 percent year-on-year. When adjusted for inflation, the increase was slightly slower, by 8.26 percent. How expensive are homes in Ireland? The average list price of residential property in Ireland varied significantly between different counties. In the second quarter of 2024, Wicklow and Dublin were among the most expensive regions in the country, exceeding the national average of around 309,000 euros. Leitrim and Longford, on the other hand, offered the most affordable housing options, averaging below 200,000 euros. Has income kept up with the development of house prices? The house price-to-income ratio measures the development of housing affordability and is calculated by dividing the nominal house price by the nominal disposable income per head. Between 2015 and 2024, the house price-to-income ratio in Ireland grew by about 17 index points, which means that house values increased in relation to earnings. This makes homeownership in Ireland more challenging due to the decreasing affordability of dwellings.

It can be seen that the Northern Ireland house price index was ***** points in the third quarter of 2007, but during the global recession it decreased and never re-gained the pre-crash levels. As of the third quarter of 2023 the residential property price index in Northern Ireland was *****, up from ***** in the same period in the previous year.

The average house price in Northern Ireland has increased since 2015, with minor fluctuations over time. The house price index is calculated using data on housing transactions and measures the development of house prices, with 2023 chosen as a base year when the index value was set to 100. In May 2025, the house price index reached 113.9, meaning that house prices have grown by nearly 14 percent since January 2023 and 9.5 percent since the same month a year ago. Among the different regions in the UK, the West and East Midlands experienced the strongest growth.

During the second quarter of 2024, Dublin’s city center had the highest median price of a newly built home across Ireland. The median price for a house in Dublin’s city center was 703,700 euros. Wicklow and Galway were some of the other counties with a high median house price, with residential properties costing 490,000 euros and 425,256 respectively. In contrast, the residential properties in Longford were the most affordable, costing around 170,000 euros. Though house prices in Ireland surged in the period after the coronavirus pandemic, the past year has shown signs of the market cooling down.

Ireland Average Property Price: House: Second Hand: Dublin data was reported at 386,260.000 EUR in Dec 2016. This records an increase from the previous number of 371,716.000 EUR for Sep 2016. Ireland Average Property Price: House: Second Hand: Dublin data is updated quarterly, averaging 357,577.000 EUR from Mar 1997 (Median) to Dec 2016, with 80 observations. The data reached an all-time high of 591,316.000 EUR in Sep 2006 and a record low of 113,221.000 EUR in Mar 1997. Ireland Average Property Price: House: Second Hand: Dublin data remains active status in CEIC and is reported by Department of the Environment, Community and Local Government. The data is categorized under Global Database’s Ireland – Table IE.P002: EHLG Average Property Price.

EHLG Average Property Price Index: New Private Housing data was reported at 549.741 1Q1991=100 in Jun 2018. This records an increase from the previous number of 546.097 1Q1991=100 for Mar 2018. EHLG Average Property Price Index: New Private Housing data is updated quarterly, averaging 308.250 1Q1991=100 from Mar 1990 (Median) to Jun 2018, with 114 observations. The data reached an all-time high of 549.741 1Q1991=100 in Jun 2018 and a record low of 96.556 1Q1991=100 in Jun 1990. EHLG Average Property Price Index: New Private Housing data remains active status in CEIC and is reported by Department of the Environment, Community and Local Government. The data is categorized under Global Database’s Ireland – Table IE.EB001: EHLG Average Property Price Index. Property price index is based on average new house price value at loan approval stage and therefore has not been adjusted for changes in the mix of houses and apartments sold.

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Annual New Property prices by cities from 1969 to 2015

Prior to 1974 the data was based on surveys of existing house sales in Dublin carried out by the Valuation Office on behalf of the D. O. E. Since 1974 the data has been based on information supplied by all lending agencies on the average price of mortgage financed existing house transactions. Average house prices are derived from data supplied by the mortgage lending agencies on loans approved by them rather than loans paid. In comparing house prices figures from one period to another, account should be taken of the fact that changes in the mix of houses (incl apartments) will affect the average figures. Data for 1969/1970 is not available for Cork, Limerick, Galway, Waterford and Other areas
The most current data is published on these sheets. Previously published data may be subject to revision. Any change from the originally published data will be highlighted by a comment on the cell in question. These comments will be maintained for at least a year after the date of the value change.

National and Other Areas figure changed for 2015 on 27/6/15 as revised data received from Local Authorities Prices includes houses and apartments measured in €

The average house price in Belfast has increased since 2015, with minor fluctuations over time. The house price index is calculated using data on housing transactions and measures the development of house prices, with January 2023 chosen as a base year when the index value was set to 100. In May 2025, the house price index reached 114.1, meaning that house prices have grown by 14.1 percent since 2023 and 10 percent since the same month in 2024. Among the different regions in the UK, the West and East Midlands experienced the strongest growth.

The house price index (HPI) shows changes in the value of residential properties in England, Scotland, Wales, and Northern Ireland. With the HPI set at a base of 100 in January 2023, a value of over 100 would mark an increase in the average dwelling price. A value of under 100 points, on the other hand, would indicate that the average price has dropped. In April 2025, the index measured 101.7 index points, showing an increase of 1.7 percent since January 2023. UK house prices grew rapidly during the COVID-19 pandemic House prices in the UK grew steadily between 2015 and 2020, fueled by stable economic growth and low borrowing costs. In the following two years, a combination of factors exacerbated this trend. These factors included a stamp duty holiday, low interest rates, a shortage of new homes supplied, and a high housing demand. As a result, house price growth soared, hitting a record 13.6 percent in July 2022. This trend in the index, and therefore the value of UK residential properties, has also been observed by the Halifax house price index. What is the average house price in the UK? Average house prices are affected by several factors. Economic growth, unemployment, interest rates and mortgage availability can all drive them up or down. A shortage of supply means that the need for housing and the competitive market created will push house prices up. An excess of housing, on the other hand, means prices fall to stimulate buyers.

The average costs for residential real estate across Ireland increased steadily over the past decade. The National Price Index reached 201.9 index point in June 2024, meaning that house prices increased by about 101.9 percent since 2012 - the base year for the index. Between June 2023 and June 2024, the price index exhibited an overall increase, with a minor decline in December 2023. In line with this upward trend, the house prices increased across every county.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

During the second quarter of 2024, Limerick and Cork stood out as the most expensive cities for buying a house among selected major cities. Residential properties in Limerick and Cork had an asking price in the range of 149,000 to nearly 657,000 euros on average, depending on the size of the house. In contrast, residential properties in Waterford and Galway were the most affordable, with the average asking price of homes ranging from 106,000 to 533,000 euros. In Dublin, prices were widely depending on the area, with Dublin 22 ranking as the least expensive area for a two-bedroom terraced houses.

Ireland Average Property Price: House: New data was reported at 323,875.000 EUR in Dec 2016. This records an increase from the previous number of 305,300.000 EUR for Sep 2016. Ireland Average Property Price: House: New data is updated quarterly, averaging 234,552.000 EUR from Mar 1997 (Median) to Dec 2016, with 80 observations. The data reached an all-time high of 329,474.000 EUR in Jun 2007 and a record low of 92,739.000 EUR in Mar 1997. Ireland Average Property Price: House: New data remains active status in CEIC and is reported by Department of the Environment, Community and Local Government. The data is categorized under Global Database’s Ireland – Table IE.P002: EHLG Average Property Price.

Northern Ireland recorded the highest house price growth in the UK as of May 2025, at ***** index points. The house price index (HPI) is an easy way of illustrating trends in the house sales market. By using hedonic regression, the index models property price data for all dwellings and shows how much the price has changed since January 2023. An index value of ***** index points indicates a price increase of ***percent since 2023.