Irish house prices up by 5.1% but pace of increase continues to slow

Residential Property Price Index published by CSO shows property prices outside Dublin were up by 6.2% while prices in Dublin rose by 3.9%

A pedestrian walks past an estate agents window.  House prices in Ireland increased by 5.1% in the year to August, continuing their upward push but with the pace of increase slowing slightly. Picture: PA

House prices in Ireland increased by 5.1% in the year to August, continuing their upward push but with the pace of increase slowing slightly.

The Residential Property Price Index (RPPI) published by the Central Statistics Office on Tuesday showed property prices in Dublin rose by 3.9% and prices outside Dublin were up by 6.2% compared with August 2025. House prices in Cork and Kerry are up 4.9%.

The national price increase of 5.1% in August was down from the 5.4% recorded in the 12 months to July 2026. The national median price of a dwelling purchased in the year to August was €400,000.

“The annual increase in residential property prices nationally of 5.1% for August 2026 represents the lowest annual rise since December 2023, when the annual increase was 4.1%,” said CSO statistician Samantha Walsh. Ms Walsh said the Residential Property Price Index outside of Dublin is more than three times higher than in May 2013, in the midst of the economic downturn, the RPPI for properties outside of Dublin hit its lowest point since the series began in 2005.

Trevor Grant, chair of the Association of Irish Mortgage Advisors (AIMA) which represents mortgage brokers, said the lastest Residential Property Price Index shows that there has only been a very slight let-up in the rate of house price growth. "While house price growth is cooling, it’s important to remember that house prices are still rising and that in many areas, annual house price inflation is well above the 5.1% national average, particularly in Cavan, Donegal, Leitrim, Monaghan, and Sligo," said Mr Grant. 

"The continued high rate of housing inflation outside the capital means that for a long time now, locals have been – and continue to be - priced out of their home towns and this is leading to huge frustration on the ground."