House prices have increased 6.8 per cent in the 12 months to February 2026, according to the Central Statistics Office (CSO).
This marks a decline from the 7.1 per cent recorded in the year leading up to January, reports Breaking News.
Residential property prices in Dublin increased by 5.6 per cent, while prices outside the capital rose by 7.8 per cent compared with February 2025, reports Breaking News.
The median cost of a home bought during the 12 months to February 2026 stood at €390,000.
In February 2026, Dún Laoghaire-Rathdown recorded the highest median house price at €681,500, whereas Donegal had the lowest at €198,000, reports Breaking News.
The most expensive Eircode area over the same 12-month period was A94 (Blackrock, Dublin), where the median price reached €841,250, while the least expensive was F45 (Castlerea, Roscommon) with a median of €153,000.
Outside Dublin, house prices increased by 7.4 per cent, while apartment prices saw a sharper rise of 13.2 per cent, reports Breaking News.
The Midlands region (Laois, Longford, Offaly, and Westmeath) experienced the strongest growth in house prices outside Dublin at 15.3 per cent, while the South-West (Cork and Kerry) recorded the smallest increase at 4.2 per cent.
In February 2026, a total of 3,370 residential property purchases by households were registered with the Revenue Commissioners, amounting to an overall value of €1.47 billion, reports Breaking News.
Trevor Grant, chairperson of Irish Mortgage Advisors: “While the rate of house price growth has eased, this softening could be short-lived if the conflict in the Middle East is not resolved soon. Before the conflict in the Middle East erupted, high building materials inflation was already a critical challenge for the building industry. However, the recent and ongoing surge in oil prices could drive building materials inflation even higher and in turn, further push up house building costs – as well as Irish house prices,” reports Breaking News.
“The trickle-down impact of higher oil prices on house prices cannot be overlooked. The construction industry has recently warned that the surge in oil prices could further accelerate cost increases for the industry. So would-be house buyers need to be mindful that the ongoing crisis could push up the cost of delivering homes – and in turn house prices,” reports Breaking News.
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