Will property prices in Ireland continue to rise?
Property prices in Ireland have increased rapidly in recent years. Experts expect continued growth, but at a slower pace. Here's what that means for you if you are thinking about selling.
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Final edit: June 4th, 2025Property prices in Ireland: The current situation
House prices in Ireland have experienced sustained and robust growth in recent years, leaving many wondering when or if the momentum will slow or reverse.
The Residential Property Price Index, which tracks the price of homes and flats sold in Ireland over time, grew by 33.8 per cent between 2020 and the first half of 2025.
Also read: What you need to know about the Residential Property Price Index
In short, this means that the national median house price in Ireland was €359,999 in early 2025, according to official statistics. However, in some Eircodes, such as A94 in Dublin, the median price was more than double that at €747,750.
Meanwhile, house prices in popular cities like Cork, Galway and Limerick have also experienced sustained growth, and official figures show that house prices actually rose more outside Dublin between the start of 2024 and 2025 as buyers on the hunt for better value began to look beyond the capital.
Also read: How long it takes to sell a home in Ireland
Will property prices rise or fall?
While forecasts are never 100 per cent certain, and a lot can change quickly, property experts and economists generally agree that house prices will continue to grow - but that the growth will moderate.
The Central Bank of Ireland expects Irish home prices to stabilise as interest rates and inflation ease, leading to more moderate price growth heading into 2026 and 2027.
In the medium term, researchers at The Economic and Social Research Institute (ESRI), have suggested that house prices will increase by 4-5 per cent annually due to persistent demand.
What will happen in the most popular cities?
Dublin:
- The property market in the capital is expected to remain stable. House prices are expected to continue rising, though not as explosively as in recent years.
- Nearby commuter counties like Kildare and Meath are likely to experience steady increases in demand and prices.
Cork:
- Property price rises in Cork have been robust. The current trends seen in the Cork housing market are expected to continue in the city in the short term at the very least.
- Prices are increasing in both Cork City and Cork County. However, average prices in Cork County as a whole are lower than in Cork City.
Limerick:
- Industry experts expect a big upswing due to a persistent supply shortage.
- Prices are expected to continue rising in the coming years as demand will continue to outpace supply.
Galway:
- Double-digit price growth is expected in the Galway housing market, according to a survey of Ireland's estate agents.
- Galway is seen as one of the epicentres of the nationwide trend of increased demand and limited supply. House prices have increased more than the national average.
- Moving forward, price rises are expected to continue across County Galway.
Why property prices in Ireland are rising
In short, the strong upward trend in Irish property prices is largely linked to a lack of new houses being built.
While the Irish government has made housebuilding a priority, it isn't building anywhere close to the 50,000 new homes that experts say need to be built annually to meet demand.
The lack of new builds hitting the market is made worse by too few second-hand homes being put up for sale, increasing pressure on prices.
Furthermore, lower interest rates have led to more people wanting to either climb a few rungs on the property ladder or purchase a home for the first time.
This has created a competitive market in Ireland where homes for sale are more likely to receive multiple offers from prospective buyers.
What this means if you are looking to sell in the next few years
Whether now is the perfect time to sell will depend a lot on your own situation, however, there are a handful of other things that you should take into consideration.
Given how much prices have risen your home may be worth more than you think, so getting a valuation from an estate agent can't hurt.
Additionally, with experts in agreement that the huge price surges of recent years could soon slow down, selling in the next few years could prove opportune as fears over the affordability of homes in Ireland could dampen demand.
Although some parts of the country will see more moderate house price increases, other areas like Limerick, Galway and commuter counties could continue to see strong price rises regardless of whether the market performs to expectations.
Selling soon?
If you're considering selling soon, take a few minutes to fill out our form - and we will match you to local estate agents. If now isn´t quite the time to sell, feel free to return to Estateagent.ie when the timing is right.
Our service is free and non-binding, and the CCPC (Competition and Consumer Protection Commission) recommends talking to a few estate agents and choosing the one who you think will best handle the sale.
Also read: 5 things to consider when you compare estate agents
