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Irish home asking prices rise 5% in second quarter, outpacing Dublin
🇮🇪 Ireland /Economy & Trade

Irish home asking prices rise 5% in second quarter, outpacing Dublin

From RTÉ News · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • Asking prices for homes nationwide rose 5% between April and June, a faster pace than in recent quarters.
  • Prices increased more outside Dublin (5.4%) than in the capital (4.5%), with the national median asking price at €395,000.
  • Despite affordability concerns, vendors raised prices, and homes sold for 7-8% above asking price, signaling strong buyer competition.

Asking prices for homes across Ireland saw a notable increase of 5% between April and June, a trend that bucks recent forecasts of slower growth. The analysis by property portal MyHome indicates that this acceleration in asking-price inflation occurred at a faster rate outside of Dublin.

Despite reports of stretched affordability and softer conditions at higher price points in the market, vendors and estate agents still felt sufficiently confident to raise asking prices just ahead of key summer trading season.

— MyHome property reportExplaining the confidence of vendors and agents in raising asking prices.

In the second quarter of the year, asking prices rose by 5.4% year-on-year in areas outside the capital, compared to a 4.5% increase in Dublin. This brought the national median asking price for a home to €395,000, with Dublin homes averaging €495,000 and those in the rest of the country at €350,000.

While stretched affordability is becoming more apparent in the mortgage market, wages are still rising in line with house prices.

— Conall MacCoilleCommenting on the relationship between wages, house prices, and affordability.

Despite reports of stretched affordability and softer conditions at the higher end of the market, vendors and estate agents expressed confidence by raising asking prices ahead of the key summer trading season. The report highlights that homes sold for an average of 7-8% above their asking price in May and June. This suggests "more intense competition amongst homebuyers," according to Conall MacCoille, Chief Economist at Bank of Ireland and author of the report.

the key question now is whether buyers will actually be able to meet the elevated asking prices we are seeing.

— Conall MacCoilleExpressing uncertainty about buyers' ability to afford the rising asking prices.

MacCoille noted that while affordability is becoming more apparent in the mortgage market, wages are still rising in line with house prices. However, official CSO data for April showed the softest start to the year for transaction prices since 2020, with the Residential Property Price Index (RPPI) up 6.2% year-on-year but only 0.2% between December 2025 and April 2026. The MyHome report also points to a 50% increase in notices for termination of rental tenancies in the first three months of the year, which could potentially increase market liquidity.

Our data, while surprising, does not suggest vendors are being unrealistic. Through May and June transactions were being settled 7-8% above the original asking price - if anything signalling more intense competition amongst homebuyers.

— Conall MacCoilleJustifying the elevated asking prices based on recent sales data and buyer competition.
DistantNews Editorial

Originally published by RTÉ News in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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