House price growth continues to moderate as €2.2bn worth of homes were purchased in July

Price growth of homes outside Dublin held steady at 6.4%

5.5% rise in prices is the lowest increase since January 2024.

The growth in house prices in Ireland continues to moderate, with inflation dropping to its lowest level since January 2025.

New data from the Central Statistics Office (CSO) shows national house prices rose by 5.5% in the 12 months to July, down from the 5.6% recorded to June.

The inflation decline was led by Dublin, where prices rose by 4.4%, down from 4.6% the previous month. The increase in home prices outside Dublin held steady at 6.4%, the monthly Residential Property Price Index shows.

The price of apartments is rising faster than houses. Nationally, house prices rose 5.2% while apartments were up 7.5%. In Dublin, it was 3.7% for houses and 6.8% for apartments. Outside Dublin, it was 6.2% for homes and 9.2% for apartments.

Samantha Walsh, Statistician in the CSO's Prices Division, said the 5.5% national rise "represents the lowest annual rise since January 2024, when the annual increase was 5.4%."

By region, the South West saw house prices rise by 5% over the past year. In the Mid West, the rise was 4.4%, while the South East recorded one of the largest increases at 8.8%.

Trevor Grant, chairperson of the Association of Irish Mortgage Advisors (AIMA) said the rate of house price growth has been falling since February 2026. "While slight, the ongoing let-up in house price growth will be welcome news to the many first-time buyers struggling to get onto the property ladder. However, for a lot of aspiring buyers, this let-up will not be enough to afford them the opportunity to buy their first home by the end of this year," he said.

"It’s important to note too that today’s house price figures are for July - which is traditionally a quiet time for house sales. The ongoing easing in the rate of house price growth could be short-lived now we’re into the autumn, as September and October are often busy months for house sales. September has proved to be very busy so far, with mortgage brokers reporting high level of inquiries on the ground from interested buyers," he said.

The total value of dwelling purchases by households at market prices filed with Revenue was €2.17bn in July. This represents a 5.3% increase in the total value of purchases compared with July 2025 and a 19.1% increase compared with the €1.82bn worth of purchases in June 2026. In July, 4,769 dwelling purchases by households at market prices were filed with Revenue, a 1.2% increase compared with the June and a 17.5% increase compared with July 2026.

The CSO said there were 2,035 first-time buyer purchases in July, up 8.5% on the 1,876 a year earlier. Of these, 878 were new homes, and 1,157 were existing homes.

The national median house sale price was €399,999. Dublin's median was €500,000.

Dún Laoghaire-Rathdown was the most expensive area at €684,411. By Eircode, A94 Blackrock was the most expensive at €850,500, just ahead of A41 Ballyboughal at €850,000. D14 was third at €755,000.

F45 Castlerea was the cheapest Eircode at €158,500, followed by F93 Lifford (€172,500) and H23 Clones (€176,000). Kinsale was Cork's most expensive area, with a median house sale price of €573,255 followed by Ballincollig at €468,020 and Carrigaline at €464,533.