House prices in the Republic increased at an average yearly rate of 7.5 per cent in July, a slight drop from 7.9 per cent in June, according to the most recent official data, reports Breaking News.
In Dublin, prices rose by 6 per cent, while property values outside the capital climbed 8.7 per cent compared with July 2024.
The median cost of a home in Ireland during July stood at €374,999.
Over the 12 months leading up to July 2025, Dún Laoghaire-Rathdown recorded the highest median price at €675,000, while both Donegal and Leitrim had the lowest median price of €195,000, reports Breaking News.
Among Eircode areas, A94 (Blackrock, Dublin) had the highest median property price over the same period at €795,000. The lowest was in F45 (Castlerea, Roscommon), at €150,000.
Revenue records show there were 1,876 purchases by first-time buyers in July 2025, reports Breaking News.
According to CSO data, the total value of property transactions for the month reached €2.1 billion.
This included 3,567 sales of existing homes worth €1.5 billion, along with 1,145 new homes with a total value of €550.7 million.
“While the slight fall in the rate of annual house price growth will be welcomed by aspiring buyers, this is not unusual for the summer, often a quiet time for house sales,” Trevor Grant, chairman of Irish Mortgage Advisors, said, reports Breaking News.
“However, this easing could be short-lived and we could well see the rate of house price growth pick up for September and October, often busy months for house sales,” he said, reports Breaking News.
Brokers Ireland, an umbrella organisation, said weak housing data on planning permissions and project commencements made it hard to see prices levelling off in any meaningful way.
Deputy chief executive Rachel McGovern said: “There has been a marginal dip in the level of increases but nothing of any consequence,” reports Breaking News.
“Unfortunately that means our housing market will continue to best serve those on high incomes and those with access to financial support from family,” she said, reports Breaking News.
She added that the Government faced a significant challenge with the launch of its upcoming housing strategy.
“It will take unparalleled measures to unlock the impediments, particularly in zoning, planning and infrastructure,” she said, reports Breaking News.
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