Housing Index in Ireland remained unchanged at 191.90 points in March. 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.

House Price Index YoY in Ireland decreased to 7.50 percent in March from 8 percent in February of 2025. This dataset includes a chart with historical data for Ireland Residential Property Prices YoY.

Graph and download economic data for Residential Property Prices for Ireland (QIEN368BIS) from Q1 1971 to Q4 2024 about Ireland, residential, housing, and price.

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.

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 Price Index MoM in Ireland decreased to 0 percent in March from 0.10 percent in February of 2025. This dataset includes a chart with historical data for Ireland Residential Property Prices MoM.

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.

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.

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.

Residential Property Prices in Ireland increased 9.36 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Ireland Residential Property Prices.

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 rising base rate environment in the years since, which have 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. Revenue is forecast to fall at a compound annual rate of 4.0% over the five years through 2024 to €588.2 billion, including an anticipated drop of 3.1% in 2024. However, profitability remains strong, with the average industry profit margin standing at an estimated 41.6% in 2024. 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 hike, 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 aren’t suitable due to their lack of green credentials. Revenue is slated to inch upwards at a compound annual rate of 3.1% over the five years through 2029 to €651.3 billion. Although economic conditions are set to improve in the short term, elevated mortgage rates will continue to weigh on demand for residential property. However, the warehousing market is positioned for solid growth, benefitting from the rise in e-commerce. This is particularly relevant to Poland, which leads the EU warehouse market.

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.

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 €

Population levels, housing and rental prices and transaction and letting volumes are the biggest drivers of estate agents' performance. Although strong house and rental price growth has supported revenue in recent years, the COVID-19 outbreak created many challenges for estate agents – lockdown restrictions meant home moves were out of the question, rendering estate agents redundant for months. As a result, revenue is expected to fall at a compound annual rate of 1.6% over the five years through 2024 to €4.2 billion. However, it’s slated to edge upwards by 0.6% in 2024. Rising house prices have increased the commission estate agents earn from each property sale, propping up their finances, but this hasn’t been enough to counteract the effects of COVID-19. Many people and businesses postponed purchasing or leasing properties during the pandemic, while estate agents were unable to conduct physical viewings. This means transactions and letting volume took steep hit, putting a huge dent in agent’s revenue and profit. The lifting of restrictions paved the way for growth in letting and transaction values and volumes, driving a recovery in estate agents’ finances. Following this, though, increased interest rates during the cost-of-living crisis raised borrowing costs and hit transaction volumes. Interest rates are falling in 2024, which will reignite property transactions as borrowing costs fall, supporting growth in estate agents’ revenue and profit. Revenue is forecast to swell at a compound annual rate of 2.5% over the five years through 2029 to €4.8 billion. Strong demand for residential property and climbing foreign direct investment will create ample opportunities for estate agents to expand. The relocation of many international services companies out of the UK and into Ireland will lead to a stronger property market, boosting demand and revenue. Estate agents will also see their profit rise thanks to the increasing adoption of software technology, such as AI, to automate many labour-intensive functions.

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 decline at a compound annual rate of 2.9% to €1.1 trillion over the five years through 2024. Building construction output recorded strong and consistent growth across Europe in the years leading up to the pandemic, buoyed by rising house prices and a return to economic stability as the effects of the financial crisis faded. 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 costs and the impact of the economic slowdown on both the housing market and investor sentiment have led to a renewed slowdown in building construction activity across the continent. Revenue is forecast to decline by 1.5% in 2024. Revenue is forecast to increase at a compound annual rate of 4.9% to €1.5 trillion over the five years through 2029. Activity is set to remain sluggish in the medium term, as weak economic growth continues to constrain investor sentiment and high borrowing costs hold back the housing market. 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.

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.

Ireland IE: Price to Rent Ratio: sa data was reported at 111.339 2015=100 in Dec 2024. This records an increase from the previous number of 110.118 2015=100 for Sep 2024. Ireland IE: Price to Rent Ratio: sa data is updated quarterly, averaging 71.365 2015=100 from Mar 1970 (Median) to Dec 2024, with 220 observations. The data reached an all-time high of 181.775 2015=100 in Dec 2005 and a record low of 26.556 2015=100 in Mar 1973. Ireland IE: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Quarterly. Nominal house prices divided by rent price indices

Ireland - Severe housing deprivation rate: Tenant, rent at market price was 3.10% in December of 2023, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Ireland - Severe housing deprivation rate: Tenant, rent at market price - last updated from the EUROSTAT on June of 2025. Historically, Ireland - Severe housing deprivation rate: Tenant, rent at market price reached a record high of 6.70% in December of 2006 and a record low of 0.60% in December of 2015.