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.

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.

Graph and download economic data for Real Residential Property Prices for Ireland (QIER628BIS) from Q1 1970 to Q3 2024 about Ireland, residential, HPI, housing, real, price index, indexes, and price.

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.

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.

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.

House Price Index MoM in Ireland decreased to 0 percent in January from 0.60 percent in December of 2024. This dataset includes a chart with historical data for Ireland Residential Property Prices MoM.

Ireland - House price index was 9.90% in September of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Ireland - House price index - last updated from the EUROSTAT on March of 2025. Historically, Ireland - House price index reached a record high of 19.60% in December of 2014 and a record low of -21.30% in September of 2009.

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.

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.

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 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

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.

This statistic shows the house price index in Ireland from the first quarter of 2016 to the second quarter of 2020. In the quarter ending June 2020, the house price index stood at 134.17.

Ireland House Price Index: YoY data was reported at 12.400 % in May 2018. This records a decrease from the previous number of 13.500 % for Apr 2018. Ireland House Price Index: YoY data is updated monthly, averaging 4.700 % from Jan 2006 (Median) to May 2018, with 149 observations. The data reached an all-time high of 20.400 % in Oct 2014 and a record low of -21.600 % in Aug 2009. Ireland House Price Index: YoY 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.EB002: CSO Residential Property Price Index: Comprehensive.

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.

Key information about Ireland Real Residential Property Price Index Growth

• Ireland Real Residential Property Price Index Growth was reported at 8.213 % in Sep 2024.
• This records an increase from the previous number of 5.776 % for Jun 2024.
• Ireland Real Residential Property Price Index Growth data is updated quarterly, averaging 3.597 % from Mar 1971 to Sep 2024, with 215 observations.
• The data reached an all-time high of 25.821 % in Jun 1978 and a record low of -21.771 % in Dec 2011.
• Ireland Real Residential Property Price Index Growth 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 Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

Graph and download economic data for Harmonized Index of Consumer Prices: Actual Rentals for Housing for Ireland (CP0410IEM086NEST) from Jan 1996 to Feb 2025 about Ireland, harmonized, rent, CPI, housing, price index, indexes, and 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.

Ireland IE: Rent Price Index: sa data was reported at 170.861 2015=100 in Mar 2025. This records an increase from the previous number of 169.452 2015=100 for Dec 2024. Ireland IE: Rent Price Index: sa data is updated quarterly, averaging 55.224 2015=100 from Mar 1959 (Median) to Mar 2025, with 265 observations. The data reached an all-time high of 170.861 2015=100 in Mar 2025 and a record low of 5.214 2015=100 in Mar 1959. Ireland IE: Rent Price Index: 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.