Dublin: Residential property prices in Dublin and across Ireland continue to climb sharply, according to the latest report from the Central Statistics Office (CSO). The data highlights a deepening affordability challenge, particularly in the capital.
The report reveals that the average house price in South Dublin has reached €680,000, while the national average now stands at €389,986—an increase of approximately €30,000 compared to the same period last year. Overall, residential property prices rose by 7% in the year to January.
Affordability pressures are intensifying, with the average home now costing seven times the typical annual salary nationwide and nine times the average income in Dublin. The capital remains the most expensive market, with average property prices around €500,000.
Apartment prices have risen even faster than house prices. Nationally, apartment values increased by 9.1%, compared to a 6.6% rise in house prices. Outside Dublin, apartment prices surged by 12.3%, while in Dublin they rose by 7.8%.
Price Growth Extends Beyond the Capital
The upward trend is not limited to Dublin. Property prices outside the capital grew by 7.7%, outpacing the 6.1% increase recorded in Dublin. House prices in Dublin rose by 5.6%, while the highest growth within the capital was seen in Dublin City, where prices increased by 8%. In contrast, Fingal recorded a more modest rise of 3.8%.
Outside Dublin, house prices climbed by 7.3%, with the Midlands region experiencing the sharpest increase at 15.9%. The Mid-West region also recorded growth, with prices rising by 5.6%.
Regional Price Disparities Persist
Within Dublin, Dún Laoghaire–Rathdown reported the highest average house price at €680,000, while Fingal and Dublin City recorded averages of €475,000.
Beyond the capital, Wicklow and Kildare remain among the most expensive areas, with average house prices of €455,000 and €440,040 respectively. At the lower end of the market, Donegal reported the most affordable homes, with an average price of €195,000.
At a more local level, the A94 area in Blackrock recorded the highest average price at €840,000, while Castlerea was the most affordable, with average prices of €153,000.
Market Activity and Buyer Trends
A total of 3,781 property transactions were recorded in January, with a combined value of €1.66 billion. This included 2,686 existing homes and 1,095 newly built properties. Revenue data indicates that 1,566 of these purchases were made by first-time buyers.
Political Reaction Intensifies
The latest figures have drawn criticism from opposition parties. Eoin O’Broin, housing spokesperson for Sinn Féin, said the data confirms that property prices continue to rise and accused government policies of contributing to the sharp increase in apartment prices.
Meanwhile, Rory Hearne, a TD for the Social Democrats, warned that current trends indicate homeownership is becoming increasingly unattainable for ordinary people.
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