Irish House Prices Continue to Climb Despite Slower Inflation

Dublin: While inflation in the Irish housing market has eased slightly, property prices remain stubbornly high. According to new data from property platform MyHome, homes across Ireland are selling for an average of 7.4% above their asking price, driven primarily by a persistent shortage of available housing.

Market activity reflects this imbalance. A three-bedroom semi-detached property in Dublin 15, listed at €420,000, ultimately sold for €455,000 after attracting 18 separate viewings. Similarly, a city-centre apartment advertised at €310,000 secured a final sale price of €335,000, amid competition from both first-time buyers and investors. Even newly built developments are reporting offers between 10–15% above initial guide prices.

The report notes that asking prices nationwide increased by 5.4% in the final quarter of last year—below the 8.6% rate recorded in mid-2025—suggesting cooling momentum. However, demand remains resilient. Bank of Ireland chief economist Connell Mac Coyle said the appetite for home purchases continues to be strong.

MyHome’s figures show the average asking price in Dublin now stands at €475,000, compared with €380,000 nationally. Mortgage activity has risen in tandem: approvals in October averaged €336,800, enabling buyers to stretch further and helping sustain higher selling prices.

Despite demand, supply remains critically constrained. Only 12,200 properties were available for sale in December. Government housing delivery also fell short, with 34,000 homes completed, against a target of 41,000 for the year. Increased inward migration, limited construction output and an acute rental shortage are all contributing to sustained price pressures in Dublin and beyond.

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