Asking prices for homes rise at lowest rate for three years

However, affordability is 'clearly problematic for many', the latest MyHome quarterly property report shows

According to MyHome, the number of properties available on its website rose by 12.5% between July and September compared to the same period last year to 14,630.

Annual asking price inflation across the country slowed during the third quarter of this year to 3.9% — the softest rate of inflation in over three years — but affordability is “clearly problematic for many”, the latest MyHome quarterly property report shows.

Annual asking price inflation for between July and September stood at 3.9.% but this rises to 4.8% when Dublin is excluded. The last time it was this low was in the second quarter of 2023 when a rate of 2.2% was recorded.

During the second quarter of this year, asking price inflation was running at 5% and in the third quarter of 2025 it was running at 5.7%.

According to MyHome, the number of properties available on its website rose by 12.5% between July and September compared to the same period last year to 14,630. There have been 10,400 new listings for sale on MyHome since June, which is up 5.3% year-on-year.

The median residential property price stood at €412,000 during the third quarter. 

Chief economist at Bank of Ireland and author of the report, Conall MacCoille, said the rate of asking price inflation “continues to slow” with the number of properties for sale on MyHome rising, and homebuilding picking up.

“All of these factors point to positive news for homebuyers,” he said.

However, he said affordability is “clearly problematic for many” as the median residential property price of €412,000 is now 7.7 times’ the average pay of €54,000.

Mr MacCoille noted that the typical joint income of first-time buyers in 2025 was €95,000, purchasing a property worth €408,000, equivalent to four times’ their income.

Regional variations

While annual asking price inflation has declined nationwide, certain counties and cities are seeing much higher rates.

In Cork, prices were up 5.9% on the year to €360,000 while Cork City saw the median price grow to €355,000, up 4.4%.

Limerick city prices rose sharply by 9.3% to €295,000 while Kerry prices rose 4.6% to €290,000.

In Leinster, Kilkenny, Laois, and Offaly saw increases of 7.8%, 8.7%, and 8% respectively while Wexford prices were up just over 10%.

In Connacht, Galway prices were up 5.6% to €375,000 and by 4.8% in Galway city to €385,000. 

Sligo prices were still up sharply by 8.7% to €239,000. 

Prices in Dublin rose 2.1%.

BER ratings

Recent research from MyHome and SEAI found that house prices increase for every step up in the BER scale.

Mr MacCoille said: “The maximum price uplift from moving from C-rated homes to A-rated was estimated to be in the range 10-13%, even after accounting for other key factors such as house type and location.

“The SEAI findings point to a more positive impact on house prices than previous studies perhaps because homebuyers are now more conscious of energy efficiency — specifically, energy savings and reduced exposure to volatile household electricity and gas charges,” he said.

On housing construction, Mr MacCoille left their forecast for housing completions unchanged at 39,600 in 2026 and 42,000 in 2027.

The annual rental inflation rate is 9.1% — the strongest pace since mid-2023.