Irish House Prices Continue Upward Trend, Rising 7% Annually

Irish house prices rose by 7% in the year to January 2026, according to the latest figures from the Central Statistics Office (CSO). This marks an increase from the 6.9% annual growth recorded in December 2025, signaling continued pressure on the housing market.

National and Regional Price Variations

Nationally, the average price of a dwelling purchased in the 12 months to January was €432,082 [Irish Times]. However, significant regional variations exist. Prices outside of Dublin experienced a more substantial increase of 7.7% compared to January 2025, although Dublin saw a 6.1% rise [RTÉ].

Within Dublin, Dublin City recorded the highest growth at 8%, while Fingal experienced a more modest increase of 3.8% [RTÉ]. Outside of Dublin, the Midlands region (Laois, Longford, Offaly, and Westmeath) saw the largest price increase at 15.9%, followed by the Border region (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 10.2%. The Mid-West (Clare, Limerick, and Tipperary) experienced the lowest growth at 5.6% [RTÉ].

Price Breakdown by Location

The average price in Dún Laoghaire-Rathdown, the most expensive local authority area, reached €789,619 [Irish Times]. In contrast, Donegal had the lowest median price at €195,000 [RTÉ]. The most expensive Eircode area was A94 (Blackrock, Dublin) with a median price of €840,000, while F45 (Castlerea, Roscommon) had the cheapest price of €153,000 [RTÉ].

Market Dynamics and First-Time Buyers

The average price paid for a home in Dublin is now close to €600,000 [Irish Times]. A lack of supply continues to fuel price increases. First-time buyers, aided by State supports, accounted for 39% (19,742) of purchases in the 12 months to January [Irish Times].

In January, 3,781 dwelling purchases, totaling €1.66 billion, were filed with Revenue. This comprised 2,686 existing dwellings and 1,095 new dwellings [Irish Times].

Government Housing Plan

The Government’s housing plan aims to deliver 300,000 new homes by 2030 [Irish Times].