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.

House Price Index YoY in Ireland decreased to 8.10 percent in January from 8.80 percent in December of 2024. 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.

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.

Graph and download economic data for Real Residential Property Prices for Ireland (QIER368BIS) from Q1 1971 to Q3 2024 about Ireland, residential, housing, real, and price.

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 marked with n/a over the period 1969 and 1973 are not available.
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.

Figure changed on the 27/6/16 as revised data received from the Local authority Includes houses and apartments, measured in €

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.

House price index in Ireland, September, 2024 The most recent value is 175.07 index points as of Q3 2024, an increase compared to the previous value of 170.19 index points. Historically, the average for Ireland from Q1 1990 to Q3 2024 is 92.48 index points. The minimum of 28.33 index points was recorded in Q2 1990, while the maximum of 175.07 index points was reached in Q3 2024. | TheGlobalEconomy.com

Ireland Average Property Price: New: Cork data was reported at 311,849.000 EUR in Dec 2016. This records an increase from the previous number of 292,511.000 EUR for Sep 2016. Ireland Average Property Price: New: Cork data is updated quarterly, averaging 80,322.996 EUR from Mar 1975 (Median) to Dec 2016, with 168 observations. The data reached an all-time high of 334,160.000 EUR in Jun 2007 and a record low of 10,667.070 EUR in Mar 1975. Ireland Average Property Price: New: 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.

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.

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.

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: Second Hand: Waterford data was reported at 179,609.000 EUR in 2016. This records an increase from the previous number of 167,364.000 EUR for 2015. Ireland IE: EHLG: Average Property Price: Second Hand: Waterford data is updated yearly, averaging 62,956.153 EUR from Dec 1976 (Median) to 2016, with 41 observations. The data reached an all-time high of 287,483.000 EUR in 2007 and a record low of 14,544.850 EUR in 1976. Ireland IE: EHLG: Average Property Price: Second Hand: 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.

Real residential property prices Y-on-Y, percent change in Ireland, September, 2024 The most recent value is 8.21 percent as of Q3 2024, an increase compared to the previous value of 5.78 percent. Historically, the average for Ireland from Q1 1990 to Q3 2024 is 3.69 percent. The minimum of -21.77 percent was recorded in Q4 2011, while the maximum of 23.96 percent was reached in Q1 1998. | TheGlobalEconomy.com