Irish Property Price Trends

Key Insights

• Dublin Premium: Dublin continues to command the highest average property prices in Ireland, with a significant premium over other counties.
• Consistent Growth: Most counties have shown consistent year-on-year growth in property prices, reflecting a strong housing market despite economic challenges.
• Regional Growth: Counties like Wicklow and Kildare show strong growth rates, likely influenced by their proximity to Dublin and the trend toward remote working.
• Urban-Rural Divide: Urban areas and their commuter counties consistently show higher property prices compared to more rural counties.

Market Analysis

The Irish property market has shown remarkable resilience over the past five years. Despite challenges including Brexit and the COVID-19 pandemic, property prices have continued to rise across most counties.

Dublin remains the most expensive county for property, though its rate of growth has moderated compared to some commuter counties. This suggests a potential shift in buyer preferences, possibly accelerated by remote working trends.

Counties in the west of Ireland, such as Galway and Clare, have seen significant growth, indicating increased interest in these areas as both primary residences and holiday homes.

Supply constraints continue to be a significant factor driving price increases across the country, with new housing starts not keeping pace with population growth and household formation.