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 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.

Housing Index in Ireland increased to 201.20 points in September from 199.50 points in August 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.

This dataset consolidates multiple publicly available sources from Ireland’s Central Statistics Office (CSO) into a single, cleaned, and structured format. It covers key indicators such as property prices, dwelling sizes, affordability metrics, and regional disparities in the housing market from 2012 to 2024. The dataset was compiled as part of a student-led research project exploring the ongoing housing crisis in the Republic of Ireland, highlighting long-term affordability challenges and shrinking dwelling sizes.

This is dataset was used as part of a larger project, the source code with all source subsets and an infographic report can be found on GitHub at this link.

https://github.com/Binnie404/Irish-Housing-Market-Analysis

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.

House Price Index YoY in Ireland increased to 7.60 percent in September from 7.50 percent in August of 2025. This dataset includes a chart with historical data for Ireland Residential Property Prices YoY.

United Kingdom Residential Real Estate Market is Segmented by Property Type (Apartments and Condominiums, and Villas and Landed Houses), by Price Band (Affordable, Mid-Market and Luxury), by Business Model (Sales and Rental), by Mode of Sale (Primary and Secondary), and by Region (England, Scotland, Wales and Northern Ireland). The Market Forecasts are Provided in Terms of Value (USD)

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.

The United Kingdom Real Estate Market Report is Segmented by Property Type (Residential and Commercial), by Business Model (Sales and Rental), by End User (Individuals/Households, Corporates & SMEs and Others), and by Country (England, Scotland, Wales, and Northern Ireland). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Comprehensive real estate market data and investment metrics for Country IE

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.

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.

The largest retail real estate transactions in Ireland in the third quarter of 2020 were by the Bank of Ireland and * Shop Street. Bank of Ireland had transactions worth *** million Euros in this period.

Context

With 22 explanatory variables describing an important aspect of residential homes in Ireland, this competition challenges you to predict the final price of each home.

Practice Skills

• Feature selection
• Data imputation
• Regression techniques
• Plot a map data using geocode

Content

• id: Property listing id used in the website.
• title: property address.
• featuredLevel: ['featured' 'premium' 'standard']
• publishDate: published date for the listing.
• price: house price
• numBedrooms: No. of bedrooms
• numBathrooms: No. of bathrooms
• propertyType: ['End of Terrace' 'Semi-D' 'Terrace' 'Detached' 'Apartment' 'Bungalow' 'Townhouse' 'Duplex' 'Site' 'Studio' 'House']
• propertySize: Size of the property
• category: 'Buy' 'New Homes'
• AMVprice: Advised minimum value (some properties have AMV price. The price column was mixed with regular price and AMV price, created a new column for AMV price to flag if it is AMV or not.)
• sellerId: Seller's Id
• sellername: Seller's name
• sellerbranch: Seller's branch if it is an agency.
• sellerType: ['BRANDEDAGENT' 'UNBRANDEDAGENT' 'PRIVATEUSER']
• m_totalImages: Total images posted on the website.
• m_hasVideo: Whether the property posted a video or not.
• m_hasVirtualTour: Whether the property has a virtual tour or not.
• m_hasBrochure: Whether the property has a brochure or not.
• longitude: Coordinate
• latitude: Coordinate
• ber_rating: 'C2' 'C1' 'A3' 'G' 'D2' 'B3' 'D1' 'C3' 'E1' 'SI666' 'F' 'E2' 'B2' 'XXX', 'A2,''B1' 'A1' 'A1A2' Reference link about Building Energy Rating

Acknowledgements

We wouldn't be here without the help of others. If you owe any attributions or thanks, include them here along with any citations of past research. Daftlistings library enables programmatic interaction with daft.ie. daft.ie has nationwide coverage and contains about 80% of the total available properties in Ireland. The data was extracted by using the daftlistings library below. https://github.com/AnthonyBloomer/daftlistings

Banner Photo from pixabay.com.

View quarterly updates and historical trends for Ireland House Price Index. Source: Eurostat. Track economic data with YCharts analytics.

Estate agents act as intermediaries, arranging the buying, selling, renting and leasing of property and land. They are paid on a fee or contract basis, often in commission, although online estate agents tend to charge a flat rate. They also provide advice and appraisals in connection with buying, selling and renting property and provide escrow services. This class includes online-only estate agents. Property-related legal services are excluded from the industry.

Forecasts for the Republic of Ireland predicted that house prices would continue to grow in 2023 and 2024 at a slower pace than in 2022. In 2023, the average house price is set to increase by *** percent. In 2024, house price growth is forecast at *** percent.

The UK residential real estate market, valued at £360.27 million in 2025, is projected to experience robust growth, driven by several key factors. A consistently strong CAGR of 5.75% indicates a healthy and expanding market over the forecast period (2025-2033). This growth is fueled by increasing urbanization, a growing population, and a persistent demand for housing, particularly in major cities like London. Furthermore, government initiatives aimed at boosting homeownership and infrastructure development contribute positively to market expansion. The market is segmented by property type, with apartments and condominiums, and landed houses and villas representing significant segments. Key players such as Bellway PLC, Barratt Developments PLC, and Berkeley Group dominate the market, while a competitive landscape also includes numerous smaller developers and housing associations. While rising interest rates and construction costs present challenges, the overall outlook remains positive due to the enduring demand and limited housing supply, particularly in desirable areas. However, several factors could influence the market's trajectory. Fluctuations in the national economy, changes in government regulations concerning mortgages and property taxation, and global economic uncertainty could impact buyer confidence and investment. Regional variations also exist, with market dynamics differing across England, Scotland, Wales, and Northern Ireland. Understanding these regional nuances is crucial for targeted investment strategies. The market's resilience will depend on the ability of developers to adapt to changing market conditions and meet evolving consumer preferences for sustainable and energy-efficient housing. The continuous evolution of consumer preferences towards specific types of housing and location preferences will further shape the market's future growth. Recent developments include: May 2023: A UAE-based investment manager, Rasmala Investment Bank, has launched a USD 2bn ( €1.8bn) UK multifamily strategy for a five-year period to build a USD 2bn portfolio of UK residential properties. The strategy is focused on the UK market for multifamily properties through a Shariah-compliant investment vehicle, initially targeting the serviced apartment (SAP) and BTR (build-to-rent) subsectors within and around London. Seeded by Rasmala Group, the strategy is backed by an active investment pipeline for the next 12 – 18 months., November 2022: ValuStrat, a Middle East consulting company, increased its foothold in the UK by acquiring an interest in Capital Value Surveyors, a real estate advisory services company with offices in London. The UK continues to be one of the most established real estate markets worldwide and attracts foreign investors regularly. They are excited to expand their presence there to better serve all of their clients, both in the UK and the Middle East.. Key drivers for this market are: Demand for New Dwellings Units, Government Initiatives are driving the market. Potential restraints include: Demand for New Dwellings Units, Government Initiatives are driving the market. Notable trends are: Increasing in the United Kingdom House Prices.

The data set is sourced from the data repository of Central Statistics Office (CSO), Ireland (https://www.cso.ie) . The data contains, for the year of 2021 in County Dublin, the monthly data of the volume of houses sold along with their total sale value and Mean and median price of houses along with information on the type of buyer (Household Buyer who can be first time owner occupiers or former owner occupiers or non occupiers and Non-Household buyers) as well the status of the dwelling (New or existing)

Summary of UK House Price Index (HPI) price statistics covering England, Scotland, Wales and Northern Ireland. Full UK HPI data are available on GOV.UK.