Annual house price growth eases to 5.6% in June - CSO

Annual residential property price inflation in Ireland eased to 5.6% in June, marking its slowest pace in almost two and a half years, according to the Central Statistics Office (CSO).

The national Residential Property Price Index (RPPI) revealed that the average home price increased by 5.6% in the 12 months to June, a slight decrease from the 6.1% growth recorded in the year to May. Property price growth was more pronounced outside the capital, with prices rising by 6.4% nationwide compared to a 4.6% increase in Dublin.

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The fundamental problem remains the same as it has been for years now - Ireland still isn't building enough homes to meet demand from a growing population. Every quarter that completions fall short, that gap has a knock-on impact on prices.

The median price for a home purchased in the year to June was €396,000. Dún Laoghaire-Rathdown recorded the highest median price at €682,334, while Longford had the lowest at €198,000. In June alone, 4,058 home purchases valued at €1.82 billion were recorded, comprising 2,973 existing properties and 1,085 new homes. First-time buyers accounted for 1,705 purchases filed in June 2026.

Trevor Grant, Chairperson of Irish Mortgage Advisors, noted that while the slowdown is welcome for first-time buyers, prices are still increasing. He emphasized that the core problem remains Ireland's insufficient housing supply to meet demand. Grant added that despite a positive start to 2026 with a nearly one-third increase in new housing completions in the first quarter compared to the previous year, the second quarter figures suggest this progress was short-lived. He anticipates that usual autumn market pressures will likely drive prices upward again.

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with new housing completions in the first three months of 2026 up almost a third on the same months in 2025, 2026 had got off to a positive start, however, the second quarter figures suggest that progress was short-lived, which is a blow for the many young people who are hoping to buy a home but consistently find that houses are out of their reach.