New data from the Central Statistics Office (CSO) reveals that property prices rose by 0.9% in June, marking the strongest monthly increase since last November, reports RTE.
Nationally, house prices climbed by 7.8% in the year leading up to June, the same annual growth rate recorded in May, according to the CSO.
The agency also reported that the median price for a home bought in June stood at €370,000, reports RTE.
Figures released today show that residential prices in Dublin—including houses and apartments—increased by 6.6%, while prices in areas outside the capital rose by 8.8% year-on-year.
Within Dublin, Fingal experienced the sharpest growth at 8%, while Dún Laoghaire-Rathdown and South Dublin each posted increases of 5.5% over the 12 months to June, reports RTE.
Beyond Dublin, house prices were up by 9%, and apartment prices rose by 6.6% compared to the previous year.
The West region—covering Galway, Mayo, and Roscommon—recorded the most significant rise in house prices outside the capital at 10.3%, while the South-East region (Carlow, Kilkenny, Waterford, and Wexford) saw the smallest increase at 7.1%.
The CSO also highlighted that the highest median home price was found in Dún Laoghaire-Rathdown at €675,000, whereas Leitrim recorded the lowest at €190,000, reports RTE.
For Eircode areas over the 12 months to June 2025, the most expensive was A94 (Blackrock, Dublin) with a median price of €780,000. The lowest was F45 (Castlerea, Roscommon), where the median stood at €148,000.
According to the CSO, residential property prices in Dublin are now 5.9% higher than their peak in February 2007, while prices in the rest of the country are 21.8% above their May 2007 peak, reports RTE.
Today’s figures also show that 4,029 home purchases were registered with Revenue, representing a 13.1% rise from the 3,563 recorded in June 2024, and a 5.4% increase from the 3,824 recorded in May.
Of these June transactions, 76.7% were for second-hand homes—a year-on-year increase of 8.2%. The remaining 23.3% were new homes, which reflects a 32.9% increase compared to the same period last year, reports RTE.
This month’s CSO release also includes data on price trends for both new and second-hand properties. Second-hand home prices rose by 8.8% in Q2 of this year, while new home prices increased by 4.2%.
Commenting on the CSO figures, Goodbody’s chief economist Dermot O’Leary noted that overall price trends are being largely driven by the second-hand property market, reports RTE.
“Second-hand price inflation has exceeded new home price inflation for the past five quarters, with inflation in the new homes sector now modestly below wage inflation after a spike in 2022/2023 as construction costs surged,” he said, reports RTE.
Trevor Grant, Chairperson of Irish Mortgage Advisors, said that the ongoing rise in annual property inflation is discouraging news for those hoping to buy a home, as it makes affordability more difficult.
He said that the core factor behind rising house prices in Ireland remains the lack of housing supply, combined with strong demand and a growing population, reports RTE.
Mr Grant acknowledged that the recent 35% boost in housing completions is a positive development, but added that the number of new homes built is still far from sufficient.
“The shortage of new homes available to private buyers means many first-time buyers are bidding against trader-uppers/movers, which in turn is driving up second-hand prices. It’s becoming increasingly common for properties to sell for 20% above the asking price,” he added, reports RTE.
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