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 431,000 euros. Notably, Dublin's city center and Kildare also joined the ranks of expensive housing areas, with average listing prices surpassing 385,000 euros and 355,000 euros, respectively. In contrast, Leitrim emerged as the most affordable place to buy residential real estate, with an average list price exceeding 198,000 euros. House prices in many counties exhibited an annual increase, with Tipperary reporting the highest, by 15 percent.

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.

Housing Index in Ireland increased to 191.30 points in January from 191.20 points in December of 2024. 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.

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 2015 chosen as a base year when the index value was set to 100. In June 2024, the house price index reached 166.8, meaning that house prices have grown by nearly 67 percent since 2015 and 6.4 percent since the same month a year ago. Among the different regions in the UK, West and East Midlands experienced the strongest growth.

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.

House prices in Ireland have been on an upward trend since 2013, with a brief period of decline in 2019 and 2020. Although house price growth slowed down in 2022, the nominal prices continued to rise in 2023; however, when adjusted for inflation, the property price development turned negative in the final quarter of 2022. Reasons for this big decline are the rising inflation in Ireland, reduced money lending from the Irish Central Bank, as well as decreased affordability.

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 2023, 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 2023, the house price-to-income ratio in Ireland grew by nearly 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.

During the second quarter of 2024, Tipperary recorded the highest percentage increase in the average list price of houses across Ireland. The prices of homes in the county rose by 15 percent on average. Other counties, including Limerick and Clare, saw an increase in the list price of more than 11 percent. Wicklow - the county with the most expensive housing in Ireland - saw an increase of more than four percent. Meanwhile, compared to Wicklow, the price increase in Dublin was relatively lower, at 1.4 percent.

Ireland IE: EHLG: Average Property Price: House: New: Waterford data was reported at 239,409.000 EUR in 2016. This records an increase from the previous number of 214,829.000 EUR for 2015. Ireland IE: EHLG: Average Property Price: House: New: Waterford data is updated yearly, averaging 200,238.500 EUR from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 295,397.000 EUR in 2007 and a record low of 92,372.175 EUR in 1997. Ireland IE: EHLG: Average Property Price: House: New: Waterford 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.P003: EHLG Average Property Price: Annual.

The house price to income ratio in Ireland fluctuated between 2012 and 2024. The ratio 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. Ireland's index score in the first quarter of 2024 amounted to 116.8, which means that house price growth has outpaced income growth by almost 17 percent since 2015. This was below the average house price to income ratio in the Euro area 16.

The Residential Property Price Index is a quarterly composite index, combining the Northern Ireland House Price Index with the Northern Ireland Apartment Price Index. It is designed to provide a measure of the change in price of a “typical” residential property sold in Northern Ireland, over the reference period. The index uses information on all residential properties sales each quarter.

Source agency: Northern Ireland Statistics and Research Agency

Designation: Official Statistics not designated as National Statistics

Language: English

Alternative title: NI Residential Property Price Index, NI Property Price Index

Ireland IE: EHLG: Average Property Price: House: New: Others data was reported at 273,698.000 EUR in 2016. This records an increase from the previous number of 252,815.000 EUR for 2015. Ireland IE: EHLG: Average Property Price: House: New: Others data is updated yearly, averaging 217,000.000 EUR from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 299,884.000 EUR in 2007 and a record low of 94,642.467 EUR in 1997. Ireland IE: EHLG: Average Property Price: House: New: Others 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.P003: EHLG Average Property Price: Annual.

It can be seen that the Northern Ireland house price index was 202.5 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 161.8, up from 158.5 in the same period in the previous year.

Ireland IE: CSO: Residential Property Price Index: Dublin data was reported at 102.000 Jan2005=100 in May 2018. This records a decrease from the previous number of 102.400 Jan2005=100 for Apr 2018. Ireland IE: CSO: Residential Property Price Index: Dublin data is updated monthly, averaging 87.500 Jan2005=100 from Jan 2005 (Median) to May 2018, with 161 observations. The data reached an all-time high of 134.500 Jan2005=100 in Feb 2007 and a record low of 57.300 Jan2005=100 in Aug 2012. Ireland IE: CSO: Residential Property Price Index: Dublin data remains active status in CEIC and is reported by Central Statistics Office of Ireland. The data is categorized under Global Database’s Ireland – Table IE.EB003: CSO Residential Property Price Index: Mortgage Based. Changed to new methodology Replacement series ID: 406093097

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 2015 chosen as a base year when the index value was set to 100. In June 2024, the house price index reached 159, meaning that house prices have grown by 59 percent since 2015 and 6.3 percent since the same month in 2023. Among the different regions in the UK, West and East Midlands experienced the strongest growth.

Ireland Average Property Price: House: Second Hand: Cork data was reported at 253,781.000 EUR in Dec 2016. This records an increase from the previous number of 249,258.000 EUR for Sep 2016. Ireland Average Property Price: House: Second Hand: Cork data is updated quarterly, averaging 225,944.500 EUR from Mar 1997 (Median) to Dec 2016, with 80 observations. The data reached an all-time high of 379,557.000 EUR in Mar 2007 and a record low of 80,479.000 EUR in Mar 1997. Ireland Average Property Price: House: Second Hand: Cork 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.

Ireland IE: EHLG: Average Property Price: House: Second Hand: Others data was reported at 204,629.000 EUR in 2016. This records an increase from the previous number of 202,470.000 EUR for 2015. Ireland IE: EHLG: Average Property Price: House: Second Hand: Others data is updated yearly, averaging 201,536.000 EUR from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 317,635.000 EUR in 2007 and a record low of 86,174.584 EUR in 1997. Ireland IE: EHLG: Average Property Price: House: Second Hand: Others 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.P003: EHLG Average Property Price: Annual.

This statistic shows annual mix-adjusted house prices in Northern Ireland (UK) between the years of 2005 and 2015, and a forecast thereof for 2016 to 2025. It shows an increase in price from the year 2000 to 2007, including a dramatic increase form 2006 to 2007. The predicted trend showed that the market in Northern Ireland would be slower to recover than most other regions of the United Kingdom and it would take time to reach the levels seen before 2008.

Ireland IE: EHLG: Average Property Price: House: Second Hand data was reported at 283,425.000 EUR in 2016. This records an increase from the previous number of 271,505.000 EUR for 2015. Ireland IE: EHLG: Average Property Price: House: Second Hand data is updated yearly, averaging 267,400.500 EUR from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 383,996.000 EUR in 2007 and a record low of 102,622.771 EUR in 1997. Ireland IE: EHLG: Average Property Price: House: Second Hand 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.P003: EHLG Average Property Price: Annual.

Ireland Average Property Price: House: Second Hand: Galway data was reported at 223,328.000 EUR in Dec 2016. This records a decrease from the previous number of 225,611.000 EUR for Sep 2016. Ireland Average Property Price: House: Second Hand: Galway data is updated quarterly, averaging 215,372.000 EUR from Mar 1997 (Median) to Dec 2016, with 80 observations. The data reached an all-time high of 375,679.000 EUR in Sep 2007 and a record low of 89,317.000 EUR in Mar 1997. Ireland Average Property Price: House: Second Hand: Galway 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.

Description: This data provides a range of statistics on residential property transaction prices and volume of sales. Data is available on the volume and value of sales and mean sale prices and can be filtered by dwelling status (existing and new) and buyer type (first time buyer, former owner occupied etc). The dashboards provide an annual view of transactions from 2010 to 2022.All data has been sourced from the CSO Residential Property Price Index (RPPI). This index is designed to measure the change in the average level of prices paid by households for residential properties sold in Ireland. The RPPI specifically excludes non-household purchases, non-market purchases and self-builds (i.e. where the land is purchased separately). The index is mix-adjusted to allow for the fact that different types of property are sold in different months.Geography available in RDM: State, Regional Assembly and Strategic Planning Area (SPA), County (26).Source: Residential Property Price Index (RPPI)Weblink: https://data.cso.ie/table/HPA02Date of last source data update: April 2023Update Schedule: Annual update