If you’re thinking about buying a home in Ireland this year, be prepared: prices are still on the rise. According to the latest figures from the Central Statistics Office (CSO), the average cost of a home in Ireland now stands at €345,000.

While that’s a national average, the reality on the ground depends heavily on where you’re looking—and whether supply can keep up with relentless demand.

Here’s what you need to know about the current property market and what it means for buyers and sellers in 2025.

Ireland’s Average House Price in 2025

How Much Are Houses in Ireland Right Now?

• National Average: €345,000
• Highest Median Price:
  • Dún Laoghaire-Rathdown (Dublin) – €635,000
  • Dublin 6 (D06 Eircode) – €725,000 (highest in the country)
• Lowest Median Price:
  • Longford – €175,000

In simple terms, if you’re buying in Dublin, expect to dig much deeper into your wallet than if you’re house-hunting in the midlands or west.

How Fast Are Prices Rising?

Ireland’s housing market has remained hot:

• National property prices rose by 10.1% in the 12 months to August 2024.
• Dublin prices jumped by 10.8%.
• Outside Dublin, prices increased by 9.6%.

This shows that while Dublin continues to be the epicentre of high prices, the cost of property elsewhere is rising steadily too.

Why Are House Prices Still Going Up?

Several factors are keeping prices stubbornly high:

• Chronic shortage of supply: New builds aren’t keeping pace with demand.
• High employment levels: More people have the financial ability to buy, especially in tech and finance sectors.
• Strong demand: Particularly from first-time buyers and returning emigrants.
• Rising construction costs: Labour and material prices remain elevated.
• Limited rental options: Soaring rents are pushing more people toward buying, even at premium prices.

What’s the Outlook for 2025?

Experts predict that price growth will slow slightly in 2025 but will not reverse:

• The Irish Times reports an expected 7% average increase for house prices this year.
• Supply constraints are unlikely to ease significantly until at least 2026.

In short: prices may not spike as sharply as they did last year, but affordability challenges are here to stay for the foreseeable future.

What Does This Mean for Buyers?

• First-time buyers:
  • Schemes like the First Home Scheme and Help to Buy grant could still offer crucial support.
  • Competition for homes in the €250k–€400k range will be particularly fierce.
• Investors:
  • Yields are tightening as prices rise faster than rents.
  • Focus may shift more heavily to regional towns where entry prices are lower.
• Sellers:
  • Still a strong market, especially for family homes and turnkey properties.
  • Good presentation and realistic pricing are key to achieving a fast sale.

Final Thoughts

Ireland’s property market remains one of the most expensive—and competitive—in Europe.
For anyone looking to buy, 2025 will demand careful planning, sharp negotiation skills, and possibly a bit of patience.

While house price inflation may finally be cooling a little, the dream of finding a bargain in Ireland’s housing market still feels a long way off.

Stay informed with itson.ie.