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.

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 **** percent year-on-year. When adjusted for inflation, the increase was slightly slower, by **** 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 ******* euros. Leitrim and Longford, on the other hand, offered the most affordable housing options, averaging below ******* 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 ** 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.

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.

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.

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 ** percent on average. Other counties, including Limerick and Clare, saw an increase in the list price of more than ** percent. Wicklow - the county with the most expensive housing in Ireland - saw an increase of more than **** percent. Meanwhile, compared to Wicklow, the price increase in Dublin was relatively lower, at *** percent.

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.

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

The Direct Real Estate Activities industry have come up against numerous headwinds in recent years, ranging from the COVID-19 outbreak in 2020 to the high base rate environment in the years since, which has inflated borrowing costs for potential buyers. This is a sharp contrast to the ultra-low interest environment seen over the decade following the 2008 financial crisis. Still, revenue is forecast to edge upwards at a compound annual rate of 0.6% over the five years through 2025 to €622.9 billion, including an anticipated rise of 0.8% in 2025. Despite weak revenue growth, profitability remains strong, with the average industry profit margin standing at an estimated 18.9% in 2025. Central banks across Europe adopted aggressive monetary policy in the two years through 2023 in an effort to curb spiralling inflation. This ratcheted up borrowing costs and hit the real estate sector. In the residential property market, mortgage rates picked up and hit housing transaction levels. However, the level of mortgage rate hikes has varied across Europe, with the UK experiencing the largest rise, meaning the dent to UK real estate demand was more pronounced. Commercial real estate has also struggled due to inflationary pressures, supply chain disruptions and rising rates. Alongside this, the market’s stock of office space isn’t able to satisfy business demand, with companies placing a greater emphasis on high-quality space and environmental impact. Properties in many areas haven't been suitable due to their lack of green credentials. Nevertheless, things are looking up, as interest rates have been falling across Europe over the two years through 2025, reducing borrowing costs and boosting the number of property transactions, which is aiding revenue growth for estate agents. Revenue is slated to grow at a compound annual rate of 4.5% over the five years through 2030 to €777.6 billion. Economic conditions are set to improve in the short term, which will boost consumer and business confidence, ramping up the number of property transactions in both the residential and commercial real estate markets. However, estate agents may look to adjust their offerings to align with the data centre boom to soak up the demand from this market, while also adhering to sustainability commitments.

House Price Index MoM in Ireland decreased to 0.80 percent in July from 1.10 percent in June of 2025. This dataset includes a chart with historical data for Ireland Residential Property Prices MoM.

The average costs for residential real estate across Ireland increased steadily over the past decade. The National Price Index reached ***** index point in June 2024, meaning that house prices increased by about ***** 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.

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.

Annual descriptive price statistics for each calendar year 2005 – 2023 for 11 Local Government Districts in Northern Ireland. The statistics include: • Minimum sale price • Lower quartile sale price • Median sale price • Simple Mean sale price • Upper Quartile sale price • Maximum sale price • Number of verified sales Prices are available where at least 30 sales were recorded in the area within the calendar year which could be included in the regression model i.e. the following sales are excluded: • Non Arms-Length sales • sales of properties where the habitable space are less than 30m2 or greater than 1000m2 • sales less than £20,000. Annual median or simple mean prices should not be used to calculate the property price change over time. The quality (where quality refers to the combination of all characteristics of a residential property, both physical and locational) of the properties that are sold may differ from one time period to another. For example, sales in one quarter could be disproportionately skewed towards low-quality properties, therefore producing a biased estimate of average price. The median and simple mean prices are not ‘standardised’ and so the varying mix of properties sold in each quarter could give a false impression of the actual change in prices. In order to calculate the pure property price change over time it is necessary to compare like with like, and this can only be achieved if the ‘characteristics-mix’ of properties traded is standardised. To calculate pure property change over time please use the standardised prices in the NI House Price Index Detailed Statistics file.

Residential Property Prices in Ireland increased 7.95 percent in March of 2025 over the same month in the previous year. This dataset includes a chart with historical data for Ireland Residential Property Prices.

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.

Key information about Ireland Nominal Residential Property Price Index

• Ireland Nominal Residential Property Price Index was reported at 175.069 2010=100 in Sep 2024.
• This records an increase from the previous number of 170.193 2010=100 for Jun 2024.
• Ireland Nominal Residential Property Price Index data is updated quarterly, averaging 44.044 2010=100 from Mar 1970 to Sep 2024, with 219 observations.
• The data reached an all-time high of 175.069 2010=100 in Sep 2024 and a record low of 2.659 2010=100 in Jun 1970.
• Ireland Nominal Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Nominal Residential Property Price Index: 2010=100: Quarterly.

Ireland: Housing and utilities price index, world average = 100: The latest value from 2021 is 279.49 index points, an increase from 222.32 index points in 2017. In comparison, the world average is 77.639 index points, based on data from 165 countries. Historically, the average for Ireland from 2017 to 2021 is 250.905 index points. The minimum value, 222.32 index points, was reached in 2017 while the maximum of 279.49 index points was recorded in 2021.

Companies operating in the third-party real estate industry have had to navigate numerous economic headwinds in recent years, notably rising interest rates, spiralling inflation and muted economic growth. Revenue is projected to sink at a compound annual rate of 0.6% over the five years through 2025, including an estimated jump of 1.2% in 2025 to €207.6 billion, while the average industry profit margin is forecast to reach 35.1%. Amid spiralling inflation, central banks across Europe ratcheted up interest rates, resulting in borrowing costs skyrocketing over the two years through 2023. In residential markets, elevated mortgage rates combined with tightening credit conditions eventually ate into demand, inciting a drop in house prices. Rental markets performed well when house prices were elevated (2021-2023), being the cheaper alternative for cash-strapped buyers. However, even lessors felt the pinch of rising mortgage rates, forcing them to hoist rent prices to cover costs and pricing out potential buyers. This led to a slowdown in rental markets in 2023, weighing on revenue growth. However, this has started to turn around in 2025 as interest rates have been falling across Europe in the two years through 2025, reducing borrowing costs for buyers and boosting property transactions. This has helped revenue to rebound slightly in 2025 as estate agents earn commission from property transactions. Revenue is forecast to swell at a compound annual rate of 3.7% over the five years through 2030 to €249.5 billion. Housing prices are recovering in 2025 as fixed-rate mortgages begin to drop and economic uncertainty subsides, aiding revenue growth in the short term. Over the coming years, PropTech—technology-driven innovations designed to improve and streamline the real estate industry—will force estate agents to adapt, shaking up the traditional real estate sector. A notable application of PropTech is the use of AI and data analytics to predict a home’s future value and speed up the process of retrofitting properties to become more sustainable.

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

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to grow at a compound annual rate of 2.3% to reach €1.3 trillion over the five years through 2025. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring construction costs and the impact of interest rate hikes on both the housing market and investor sentiment led to a renewed slowdown in building construction activity across the continent. However, falling inflation and the start of an interest rate cutting cycle have spurred signs of a recovery in new work volumes, supporting anticipated revenue growth of 2.3% in 2025. Revenue is forecast to increase at a compound annual rate of 6.7% to €1.7 trillion over the five years through 2030. Activity is set to remain sluggish in the medium term, as weak economic growth and uncertainty surrounding the impact of the volatile global tariff environment on inflation and borrowing costs continue to weigh on investor sentiment. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing, as countries seek to tackle severe housing shortages. Meanwhile, the introduction of more stringent sustainability requirements will drive demand for energy retrofits.