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As we reach mid-2025, Dublin's property market continues its upward trajectory with prices rising at their fastest pace in eight years.
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Dublin property prices have increased by 12.2% year-on-year as of June 2025, marking the steepest rise in eight years. The severe shortage of second-hand homes, with fewer than 3,500 properties available for sale across the entire Dublin region, continues to drive intense competition and bidding wars.
| Indicator | Current Value | Change |
|---|---|---|
| Average Dublin Property Price | €460,726 | +12.2% YoY |
| Median Dwelling Price | €362,500 | +7.5% YoY |
| Houses Available for Sale | 3,500 | -17% YoY |
| Average Rent (1-bed) | €1,800/month | +7.7% YoY |
| Vacancy Rate | 1% | Record Low |
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
What are the current average property prices in Dublin as of June 2025?
Dublin property prices have reached unprecedented levels in mid-2025.
The average listed price for residential properties in Dublin stands at €460,726 as of June 2025, representing a sharp 12.2% increase year-on-year. This marks the steepest price inflation Dublin has experienced in eight years. The median dwelling price in the Greater Dublin Area is approximately €362,500, though this varies significantly by location and property type.
In premium Dublin markets, estate agents report average selling prices reaching €608,220 for certain property segments. Dún Laoghaire-Rathdown commands the highest median prices at €665,000, while areas like Blackrock (A94 postcode) have seen median prices reach €750,000. Suburban areas such as Swords and Tallaght are averaging around €415,000, offering more affordable options compared to central Dublin locations.
The price variations across Dublin reflect the diverse nature of the market. Properties in Dublin 4 average €689,000, while Dublin 6 stands out with the highest price per square foot at €762. First-time buyers are particularly active in the sub-€500,000 price range, where bidding wars have become commonplace.
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How much have Dublin property prices increased in the past 12 months?
Property price growth in Dublin has accelerated significantly over the past year.
As of June 2025, Dublin residential property prices have risen by 12.2% compared to the same period in 2024. This represents the fastest rate of growth since 2017. Houses in Dublin experienced a 7.9% increase, while apartments saw a more modest rise of 6.1%. The growth varies by area, with Fingal leading at 9.5% annual growth, followed by South Dublin at 7.2% and Dún Laoghaire-Rathdown at 6.4%.
The second-hand property market has seen particularly strong inflation at 11%, driven by severe supply shortages. Some renovated former council houses in Dublin 12 have approached and breached the €500,000 mark. Houses in South Dublin recorded a notable rise of nearly 10%, while apartments in the city centre and Docklands saw more modest increases of approximately 4%.
Estate agents report that properties in walk-in condition are achieving sale prices up to 20% above asking price in competitive bidding scenarios. The sub-€500,000 price range has experienced the most intense competition, with multiple bidders common for well-presented properties.
Which Dublin areas are experiencing the fastest property price growth in 2025?
Certain Dublin postcodes are significantly outperforming the market average.
Dublin 3 and Dublin 5 are expected to see property values rise by as much as 12% in 2025, nearly double the average predicted growth of 6.25% across all Dublin postcodes. Fingal continues to lead growth among Dublin's administrative areas with a 9.5% annual increase. Dublin 6 has emerged as a hotspot, achieving the fastest selling times at just 4.4 weeks on average and commanding the highest variance above asking prices at 10%.
| Dublin Area | Expected 2025 Growth | Current Median Price |
|---|---|---|
| Dublin 3 | 12% | €425,000 |
| Dublin 5 | 12% | €435,000 |
| Dublin 6 | 10% | €773,000 |
| Fingal | 9.5% | €415,000 |
| Dublin 4 | 7% | €689,000 |
Asian buyers have become particularly prominent in Dublin 14 and Dublin 18, many purchasing with cash, which has intensified competition in these areas. The influx of international buyers, combined with strong demand from tech and finance professionals, continues to drive prices in South Dublin's premium postcodes.
What's driving the current surge in Dublin property prices?
Multiple interconnected factors are fueling Dublin's property price inflation.
The primary driver is the severe supply-demand imbalance. As of March 2025, fewer than 3,500 second-hand homes were available for sale across the entire Dublin region, representing a 17% year-on-year decline and the lowest total since records began in January 2007. This is the first time since 2007 that available second-hand homes in Dublin have fallen below this threshold.
Economic factors are equally influential. The European Central Bank has cut interest rates multiple times, with the deposit facility rate now at 2.75% as of January 2025. Mortgage rates in Ireland have reached a 20-month low, making borrowing more affordable and increasing buyer purchasing power. Dublin's robust economy, full employment, and the presence of multinational companies continue to attract high-income workers.
The rental market crisis is pushing more people towards buying. With average rents for one-bedroom apartments at €1,800 per month and vacancy rates at a record low of 1%, many renters are motivated to become homeowners despite high purchase prices. Additionally, 65% of property sellers are landlords exiting the market, further reducing rental stock and creating additional buyer demand.
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When are property prices expected to stabilize in Dublin?
Property price stabilization in Dublin appears distant based on current market dynamics.
According to government projections, property prices are unlikely to moderate until housing completions reach 45,000-50,000 units annually. With current targets of 43,000 homes for 2026 and 48,000 for 2027, price moderation might not occur until late 2026 or 2027 at the earliest. EY-Euroconstruct forecasts housing completions will rise to 38,000 units in 2025, 40,000 in 2026, and 42,000 in 2027, still below the threshold needed for price stabilization.
Market experts predict continued growth of 5-8% annually over the next five years, assuming current supply constraints persist. The Society of Chartered Surveyors Ireland suggests a shift towards more balanced growth expectations, but not an actual price decline. Some analysts believe the current pace of inflation is unsustainable, but without significant supply increases, prices will continue their upward trajectory.
The persistent shortage of second-hand homes is particularly problematic. Many homeowners who secured fixed mortgage rates in late 2021 are now reaching the end of their terms, which may increase supply slightly. However, this is unlikely to significantly impact the overall supply-demand imbalance in the near term.
What are the property price forecasts for Dublin in 2026?
Industry forecasts suggest continued but moderating price growth for Dublin in 2026.
Most experts predict Dublin property prices will increase by 5-8% in 2026, following the expected 6.25% average growth in 2025. This represents a moderation from the current 12.2% annual growth rate but still indicates substantial appreciation. The European Commission projects Ireland's economy will grow by 3.6% in 2026, providing continued support for property demand.
Specific areas may see varied performance. Premium locations like Dublin 4, Dublin 6, and coastal areas are expected to maintain steady appreciation due to limited supply and consistent demand from high-income buyers. More affordable areas might experience stronger percentage growth as first-time buyers seek value.
Several factors could influence 2026 prices: the success of government housing initiatives, changes in interest rates, the performance of the tech sector, and overall economic conditions. The Residential Zoned Land Tax, now in effect, may begin to unlock development sites, potentially easing supply constraints by 2026.
Which property types are seeing the biggest price increases?
Turnkey houses are experiencing the most dramatic price appreciation in Dublin.
Family homes in walk-in condition are commanding premium prices, with some properties selling for up to 20% above asking price. Three-bedroom semi-detached houses in desirable areas have seen exceptional growth, particularly in established neighborhoods with good schools and transport links. Properties with high energy efficiency ratings (A or B BER) are attracting significant premiums as buyers prioritize sustainability and lower running costs.
Terraced and detached homes in premium locations such as Ballsbridge, Sandymount, Ranelagh, and Milltown have experienced substantial appreciation. In contrast, apartments have seen more modest increases of 4-6.1%, though new-build apartments with modern amenities and energy efficiency are performing better than older units.
The shortage of builders, high construction costs, and demand for energy-efficient homes have made renovated properties particularly valuable. Former council houses that have been modernized are achieving prices previously unthinkable for these property types, with some in Dublin 12 approaching €500,000.
How does the current market compare to Dublin's previous property boom?
Dublin's current property market has surpassed its previous peak in several metrics.
The national property price index has reached 191.9, which is 17.3% above the highest level during the property boom of April 2007. Dublin residential property prices are now 4.3% higher than their February 2007 peak. More significantly, property prices nationally have increased by 161.6% from their trough in early 2013, representing a remarkable recovery and subsequent growth.
However, today's market differs fundamentally from the 2007 boom. Current growth is driven by genuine supply shortages and demographic demand rather than speculative investment. Mortgage lending standards are significantly stricter, with Central Bank rules limiting borrowing. The buyer profile has shifted, with 38% of Dublin buyers now non-Irish nationals, reflecting the city's international appeal.
| Metric | 2007 Peak | June 2025 |
|---|---|---|
| Price Index | 163.6 | 191.9 |
| Lending Standards | Loose | Strict |
| Supply Levels | Higher | Critical Shortage |
| International Buyers | Lower | 38% of market |
| Speculative Activity | High | Limited |
Unlike 2007, the current market is underpinned by strong employment, particularly in high-paying tech and finance sectors. The construction industry learned from the previous crash, with development now more measured, though perhaps too cautious given demand levels.
We made this infographic to show you how property prices in Ireland compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It's an easy way to spot where you might get the best value for your money. We hope you like it.
What impact are interest rates having on Dublin property prices?
Falling interest rates are significantly boosting Dublin's property market activity.
The European Central Bank has implemented multiple rate cuts, bringing the deposit facility rate down to 2.75% as of January 2025. This has translated to mortgage rates in Ireland reaching a 20-month low, improving affordability for buyers and increasing their borrowing capacity. Local experts anticipate at least two more ECB rate cuts in 2025, which could further stimulate demand.
Lower borrowing costs have particularly benefited first-time buyers, who represent a significant portion of the market. The combination of falling rates and government support schemes has enabled more people to enter the property market, intensifying competition for available homes. However, this increased purchasing power is contributing to price inflation rather than improving affordability.
Financial experts warn that while lower rates support market activity, they also fuel price growth when supply remains constrained. The Central Bank of Ireland maintains strict lending rules to prevent excessive borrowing, but the improved borrowing conditions continue to support strong buyer demand across all price segments.
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How severe is the housing shortage in Dublin right now?
Dublin faces its most acute housing shortage in modern history.
As of June 2025, fewer than 3,500 second-hand properties are available for sale across all of Dublin, marking a 17% decline from already low 2024 levels. This represents approximately half the inventory available in 2019. The city needs 20,000 new units annually to meet demand but faces a current deficit of 150,000 apartments according to housing needs assessments.
The rental market reflects similar constraints with a vacancy rate of just 1%, effectively meaning no available rental properties in many areas. This has pushed average rents for one-bedroom apartments to €1,800 monthly, with larger properties commanding significantly higher prices. The average rent in Dublin now exceeds €2,476 per month, placing enormous pressure on residents.
- New housing starts in Dublin reached 60,243 units in 2024, an 83.66% increase year-on-year
- Planning permissions granted for 68,989 new apartments in Q2 2024
- 65% of property sellers are landlords exiting the rental market
- Build-to-rent developments completing but not offsetting landlord exits
- Average time on market for well-priced properties: 4-7 weeks
The shortage affects all property types but is particularly acute for family homes under €500,000. Multiple bidders on single properties have become the norm rather than the exception, with estate agents reporting viewing attendances consistently high across the city.
Are there any signs that Dublin property prices might decrease?
Current market indicators show no signs of imminent price decreases in Dublin.
Demand fundamentals remain robust with strong employment, particularly in multinational companies, continuing to drive housing demand. Population growth, urbanization trends, and the attractiveness of Dublin as an international city maintain upward pressure on prices. The supply pipeline, while improving, remains insufficient to meet current and projected demand.
Potential risks that could moderate prices include global economic shocks affecting Dublin's tech sector, significant interest rate increases, or major policy interventions. However, none of these appear imminent. The government's housing targets, while ambitious, won't deliver sufficient supply until 2027 at the earliest to impact prices meaningfully.
Market experts unanimously predict continued price growth, albeit at potentially moderating rates. The combination of limited supply, strong demand, favorable lending conditions, and Dublin's economic dynamism suggests prices will continue rising through 2025 and 2026. Any price moderation would likely be a slowing of growth rather than actual price decreases.
What should buyers know about Dublin's property market in mid-2025?
Prospective buyers face a highly competitive market requiring preparation and decisiveness.
Speed is essential in Dublin's current market, with desirable properties often receiving multiple offers within days of listing. Buyers should secure mortgage approval in principle before viewing properties and be prepared to act quickly. Properties in good condition typically sell within 4-7 weeks, with many achieving prices 5-10% above asking.
Understanding area dynamics is crucial. While Dublin 6 commands the highest prices per square foot at €762, areas like Dublin 3 and Dublin 5 offer stronger growth potential. First-time buyers should focus on the sub-€500,000 market where competition, though fierce, offers more options. Cash buyers, including many international purchasers, dominate higher price brackets.
Energy efficiency has become a key value driver. Properties with A or B energy ratings command significant premiums and sell faster. Buyers should factor in renovation costs for older properties, particularly given the shortage of builders and high construction costs. Working with experienced local agents who understand specific area dynamics can provide crucial advantages in securing properties.
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Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Yes, property prices in Dublin are going up significantly. As we reach mid-2025, Dublin's residential property market continues its strongest growth trajectory in eight years, with prices rising 12.2% year-on-year and showing no signs of slowing down.
The combination of severe supply shortages, robust economic fundamentals, falling interest rates, and strong demographic demand ensures that Dublin property prices will continue their upward trajectory through 2025 and likely into 2026-2027, making it a seller's market where buyers must act quickly and decisively to secure properties.
Sources
- Central Statistics Office - Residential Property Price Index January 2025
- World Property Journal - Ireland Home Price Inflation Report 2025
- Owen Reilly - Dublin Property Market Trends 2025
- The Sunday Times - Dublin Property Price Guide 2025
- Global Property Guide - Ireland Residential Property Market Analysis
- Team Lorraine - Irish Property Market Forecast 2025
- The Irish Times - Property Expert Predictions 2025
- Investropa - Dublin Real Estate Market Statistics
- Central Statistics Office - Residential Property Price Index March 2025
- Irish Examiner - House Prices to Keep Rising Until Late 2026