Dublin: Residential property prices in Ireland rose by 8% in the year to February, according to new figures from the Central Statistics Office (CSO). This compares to an annual increase of 8.2% in January.
Prices outside Dublin experienced stronger growth at 8.7%, while the capital recorded a 7.1% rise. The median home price now stands at €360,000.
The Border region—comprising Cavan, Donegal, Leitrim, Monaghan, and Sligo—saw the sharpest increase, with prices rising 13.4%. In contrast, the Mid-East region (Kildare, Louth, Meath, Wicklow) recorded the most modest growth at 5.8%.
Rachel McGovern, Deputy CEO of Brokers Ireland, warned that continued price escalation is unsustainable and highlighted the inadequacy of current housing supply strategies.
McGovern criticised the notion that a potential recession might be the only way to temper price growth, calling it “an appalling reflection of the system’s dysfunction”.
She stressed the urgency of a comprehensive overhaul in housing strategy: “The government’s upcoming housing plan must mark a decisive shift in approach. Piecemeal progress is no longer sufficient in the face of a rapidly growing population.”
Several initiatives have been announced, including the appointment of a housing czar, the establishment of a Strategic Housing & Infrastructure Delivery Office, and a coordination group based in the Taoiseach’s department.
“We are well aware of the obstacles,” McGovern added. “It is long past time to dismantle them. Government action must be urgent, unprecedented, and bold.”
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