According to the latest data from the Central Statistics Office (CSO), residential property prices in Ireland rose by 1.9% in the first quarter of 2026 compared to the previous quarter, and by 8.2% year-on-year. However, this marks a slowdown from the 10.1% annual growth recorded in Q4 2025, indicating a potential easing in the market.
The number of new dwelling completions reached 8,500 in Q1 2026, up 12% from the same period in 2025, according to the Department of Housing. This increase in supply, combined with a slight dip in mortgage approvals (down 3% in March 2026 vs. March 2025 per the Banking & Payments Federation Ireland), suggests that demand may be moderating.
Analysts at Davy Stockbrokers note that while affordability remains stretched, with the average house price now at 9.2 times average earnings, the combination of higher supply and potential interest rate cuts by the European Central Bank later in 2026 could stabilize prices. However, they caution that a significant price drop is unlikely due to ongoing population growth and a shortage of rental properties.
In Dublin, prices rose 1.5% in Q1 2026, below the national average, while outside Dublin, growth was 2.2%. The number of properties listed for sale in April 2026 was 14% higher than a year ago, according to Daft.ie, giving buyers more choice.
