New figures from the Central Statistics Office show that property prices registered monthly growth of 0.9% in June, the highest rate since November last year.

Home prices across the country grew by 7.8% in the year to June, unchanged from the rate of growth the previous month, the CSO added.

The CSO said the median price of a home purchased in June was €370,000.

Today’s figures show that property prices in Dublin – both houses and apartments – rose by 6.6% and prices outside Dublin were up by 8.8% compared with June last year.

In the 12 months to June, the highest house price growth in Dublin was in Fingal at 8% while both Dún Laoghaire-Rathdown and South Dublin saw a rise of 5.5%.

Outside of Dublin, house prices were up by 9% and apartment prices rose by 6.6%.

The region outside of Dublin that saw the largest growth in house prices was the West (Galway, Mayo, and Roscommon) at 10.3%, while at the other end of the scale, the South-East (Carlow, Kilkenny, Waterford, and Wexford) saw a 7.1% rise.

The CSO noted that the highest median price paid for a home was €675,000 in Dún Laoghaire-Rathdown, while the lowest was €190,000 in Leitrim.

Meanwhile, the most expensive Eircode area over the 12 months to June 2025 was A94 (Blackrock, Dublin) with a median price of €780,000, while F45 (Castlerea, Roscommon) had the least expensive price of €148,000.

The CSO said that Dublin residential property prices are 5.9% higher than their February 2007 peak, while residential property prices in the Rest of Ireland are 21.8% higher than their May 2007 peak.

Today’s figures also show that a total of 4,029 home purchases were filed with Revenue, an increase of 13.1% increase compared with the 3,563 purchases in June last year and a 5.4% increase compared with the 3,824 purchases in May.

Existing homes accounted for 76.7% of the transactions filed in June, an increase of 8.2% compared with June 2024. The balance of 23.3% were new homes, which marked a rise of 32.9% on the same time last year.

This month’s CSO release also provides an update on the split between new and second hand homes, which shows that second-hand home prices grew by 8.8% in the second quarter of this year, while new home prices grew by 4.2%.

Commenting on today’s CSO figures, Dermot O’Leary, the chief economist of Goodbody’s, said that price inflation trends overall are heavily influenced by the second-hand market due to the share of total transactions.

“Second-hand price inflation has exceeded new home price inflation for the past five quarters, with inflation in the new homes sector now modestly below wage inflation after a spike in 2022/2023 as construction costs surged,” he said.

Trevor Grant, Chairperson of Irish Mortgage Advisors, said that the continued uptick in the rate of annual house price inflation will be a disappointment for would-be house buyers as it means houses are becoming more unaffordable for many of them.

He said that ultimately, the biggest driver of Irish house price inflation is the shortage of homes coupled with the pent-up demand for housing and an expanding population.

Mr Grant noted that the recent 35% increase in housing completions is encouraging, but housing completions are still nowhere near where they need to be.

“The shortage of new homes available to private buyers means many first-time buyers are bidding against trader-uppers/movers, which in turn is driving up second-hand prices. It’s becoming increasingly common for properties to sell for 20% above the asking price,” he added.

Article Source – Property prices see fastest monthly growth since November – CSO

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