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Where are the best places to invest in Ireland right now? Is Dublin still the top pick, or are cities like Cork, Galway, and Limerick gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with notaries, real estate agents, and clients who invest across the country. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Ireland and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Waterford City is gaining interest with the Waterford Greenway expansion and new amenities boosting property demand
The Waterford Greenway's expansion is making Waterford City more appealing.
In 2023, €1.5 million was invested to extend the Greenway, linking it with other regional paths. This development is not just a boon for residents but also a magnet for visitors, enhancing the city's charm.
Since its debut in 2017, the Greenway has been a hit, drawing over 250,000 visitors each year. This surge in foot traffic has invigorated local tourism and hospitality sectors, turning Waterford into a lively place to call home.
The local government is all in on promoting outdoor activities, with the Greenway as a centerpiece. These initiatives are transforming the county, giving a leg up to local businesses and pulling more people into the area.
With the Greenway's success, Waterford is seeing a ripple effect. The city's economy is getting a boost, and property demand is on the rise, thanks to these enhanced amenities.
For anyone considering a move, Waterford offers a vibrant lifestyle with its growing attractions. The Greenway is a key player in this, making the city a more desirable place to live and invest.
Sources: Waterford Live, Visit Waterford, Waterford 2040
In this video, 'What's Happening in the Waterford Property Market? - Waterford Property Watch May 2024,' strong investment opportunities in Waterford City are showcased, supported by properties achieving gross yields of 8.3%.
2) Galway City West is popular for its proximity to the National University of Ireland, offering high rental returns for investors
Galway City West is a hotspot for students and investors because of its close proximity to the National University of Ireland, Galway.
With over 30,000 students in Galway, the city boasts the highest student population per capita in Ireland. This bustling student scene means there's always a strong demand for rental properties, especially near the university.
For investors, this demand translates into low vacancy rates and steady rental income. Properties in Galway City West are particularly sought after for student accommodation, making it a reliable choice for those looking to invest.
In 2024, Galway stood out as the top-performing city in Ireland for rental yields, with returns ranging from 5.5% to 12.4% across all property types. This makes it a prime location for investors chasing high returns.
Galway City West's appeal is not just about numbers; it's about the vibrant community and the lifestyle it offers. The area is buzzing with energy, thanks to the student population, and offers a mix of cultural and social activities.
Investors are drawn to the area not only for the financial benefits but also for the dynamic environment that supports a thriving rental market. The combination of a strong student presence and high rental yields makes Galway City West a smart investment choice.
Sources: HSE, Statista, Galway City Development Plan
We have made this infographic to give you a quick and clear snapshot of the property market in Ireland. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) Kilkenny City is gaining interest for its medieval charm and growing cultural and economic activities
Kilkenny City is catching the eye of property buyers, thanks to its medieval charm and vibrant cultural scene.
In 2023, the average price for a three-bedroom semi-detached house in Kilkenny City jumped by 9.7%, hitting €340,000. While a slight dip of 5% is anticipated in 2024, the demand for homes here remains strong. This surge is largely due to the city's growing cultural and economic activities.
Fáilte Ireland has rolled out a five-year tourism development plan for Kilkenny, aiming to extend the tourism season and introduce fresh cultural experiences. This includes reimagining the Medieval Mile, making Kilkenny a hotspot for river activities and cultural events.
The Kilkenny Night Time Economy Action Plan for 2024-2025 is also set to invigorate local businesses. With initiatives like a pilot night market and heritage walks, the city expects a boost in foot traffic and economic activity. These efforts are complemented by government investments, such as the €1.5 million funding for the new Museum of Medieval Kilkenny.
These developments underscore Kilkenny's commitment to enhancing its cultural and economic landscape. The city is not just preserving its rich history but also creating new opportunities for residents and visitors alike.
For those considering a move, Kilkenny offers a unique blend of history and modernity, making it an attractive option for property buyers.
Sources: Real Estate Alliance, Fáilte Ireland, Kilkenny County Council
4) Limerick Docklands is transforming into a vibrant hub with redevelopment boosting residential and commercial property demand
The redevelopment of Limerick Docklands is turning the area into a lively residential and commercial hub.
One major factor driving this change is the increased investment in redevelopment projects. The Office of Public Works is enhancing flood defenses and public spaces through the Limerick City & Environs Flood Relief Scheme. This makes the area not only safer but also more appealing to potential residents and businesses.
Property prices are also on the rise. In 2023 and 2024, the median asking price in Limerick jumped by €35,000 from the previous year. This surge in prices shows that more people are eager to live and work in this newly developed area.
Improved infrastructure and transport links are another big draw. The development of better walking and cycling paths, along with enhanced public transport services through the BusConnects program, has made the docklands more accessible and convenient for everyone.
These changes are attracting both residents and businesses. The improved connectivity and safety measures are making the docklands a prime location for setting up shop or finding a new home.
Sources: Government of Ireland, Limerick Leader, Limerick.ie
5) Cork City Centre is booming with urban regeneration, driving up property values and rental yields
Cork City Centre is buzzing with rising property values and rental yields thanks to ongoing urban regeneration projects.
These projects are part of the Cork City Centre Revitalisation Action Plan, aiming to keep the city lively by enhancing the city experience, building community character, and boosting urban resilience. Property prices in the South-West division, including Cork, jumped by 5.5% over the past year, showing the positive impact of these efforts.
Investors are taking note, as the average gross rental yield in Cork is 8.36%, outpacing Dublin's 7.33%. This makes Cork a hot spot for property investment. The demand is fueled by a wave of first-time buyers and packed property viewings, according to local estate agents.
Real estate professionals highlight that the limited supply of properties is pushing prices and yields even higher. This scarcity is a key factor in the current market dynamics. The buzz around Cork is palpable, with more people eager to invest in this thriving city.
With its vibrant atmosphere and promising returns, Cork City Centre is becoming a prime location for property buyers. The ongoing urban regeneration projects are not just transforming the cityscape but also boosting its appeal to investors.
Sources: Cork City Centre Revitalisation Action Plan, Gross Rental Yields in Ireland, House Prices in Cork
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6) Sandyford, Dublin, is a tech hub attracting young professionals, driving up property demand and prices
Sandyford in Dublin is a magnet for young professionals, thanks to its booming tech hub and business parks.
Over recent years, property prices in Sandyford have skyrocketed, outpacing many other Dublin suburbs. This surge is closely tied to its proximity to major tech companies, making it a prime spot for those in the tech industry. The area is bustling with activity, especially during the day, due to the high concentration of businesses in the Sandyford Business Park.
New residential developments in nearby areas like Ballyogan and Kiltiernan/Glenamuck are popping up, further fueling the demand for housing. The demographic in Sandyford is shifting, with a noticeable increase in young professionals, particularly those aged 25-44. This aligns with the area's high number of professional and managerial workers, reflecting the job opportunities available here.
The presence of major tech companies and the expansion of facilities, such as Microsoft's Campus, have significantly boosted Sandyford's appeal. The area is not just about work; it's a vibrant community where young professionals find both career opportunities and a lively social scene. The tech boom has made Sandyford a desirable place to live, with its dynamic environment attracting a diverse crowd.
For those considering a move, Sandyford offers a unique blend of career prospects and lifestyle benefits. The area's growth is a testament to its strategic location and the thriving tech industry. With its strong community vibe and excellent amenities, Sandyford is more than just a place to work; it's a place to call home.
Sources: Two-Year Progress Report - Dun Laoghaire Rathdown County Council, Dublin is Europe's IT Business Hub, Inside Ireland's Thriving Tech Hub: Startups and Success Stories
7) Naas, County Kildare, is booming with its location near Dublin and upgraded infrastructure appealing to commuters and investors
Naas in County Kildare is quickly becoming a top choice for commuters and investors due to its strategic location near Dublin.
Living in Naas means you can enjoy a commute of less than 30 minutes to Dublin, which is a huge perk for many. This is largely thanks to the recent upgrades to the M7 motorway and improvements in public transport systems like the DART and LUAS. These changes have not only made life easier for commuters but have also drawn businesses and new residents to the area.
The property market in Naas is booming, with property values on the rise as more people look to move here. The town's growing population and the abundance of amenities make it a great spot for families and professionals alike. The local council is also investing heavily in infrastructure and urban development, which is further fueling this growth.
Naas offers a unique blend of small-town charm and big-city convenience, making it a desirable place to live. The town's strategic location near Dublin is a major draw, especially for those who want to avoid the hustle and bustle of the capital but still enjoy easy access to it.
For investors, Naas presents a promising opportunity. The town's increasing demand for housing and ongoing infrastructure improvements make it an attractive option for those looking to invest in property. With the local council's commitment to development, the future looks bright for Naas.
Whether you're a commuter looking for a shorter journey to work or an investor seeking a promising market, Naas has a lot to offer. Its proximity to Dublin and ongoing improvements make it a hotspot worth considering.
Sources: Commuting to Work - CSO, Naas Town - KildareNow, Kildare Hub Strategy, Kildare House Price Survey January 2022
8) Bray, County Wicklow, is appealing with its coastal charm and easy access to Dublin, attracting homebuyers and investors seeking rental income
Bray, County Wicklow, is a prime spot for homebuyers and investors due to its coastal location and easy access to Dublin.
With a direct train line and frequent bus services, Bray is a commuter's dream, attracting those who work in Dublin but crave a more relaxed lifestyle. Property values have been climbing in recent years, despite a slight dip in 2023. The average home price is around €400,000, which is still below the Celtic Tiger peak, making it a smart investment choice.
Rental properties are in high demand here, thanks to Bray's status as a commuter town. People are eager to rent because of the easy access to Dublin's job market. The growing population indicates that more folks are choosing to call Bray home, adding to its appeal.
Bray's charm is further enhanced by local amenities and infrastructure improvements. New schools and community centers are popping up, making it a fantastic place for families. Plus, the coastal attractions boost tourism, adding to the town's economic vitality.
Safety is another draw, as Bray enjoys a lower crime rate compared to Dublin city, making it a safer choice for families. The presence of good schools adds to its allure, especially for those with children.
Ongoing investment is evident with new housing developments and planning permissions, supporting Bray's growth. Positive reviews in quality of life surveys and media coverage highlight Bray as a desirable place to live, increasing its visibility and appeal.
Government initiatives and historical data show consistent rental yield performance, making Bray a compelling choice for investors. These factors combined make Bray a compelling choice for both homebuyers and investors seeking rental income.
Sources: Real Estate Alliance, East Coast FM, Numbeo
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.
9) Drogheda, County Louth, is booming with affordable homes and strong growth potential
Drogheda, County Louth, is experiencing rapid growth as one of Ireland's fastest-growing towns.
In the heart of Drogheda, areas like St. Mary’s have seen a staggering 38.55% population increase, the highest in the state. This surge in residents often means a higher demand for homes, which can lead to rising property values over time. If you're considering buying property, this trend could mean a good return on investment.
Compared to bustling cities like Dublin, Drogheda offers more affordable housing options. With living costs ranging from €1400 to €1600, it's a great spot for those wanting to enjoy a good quality of life without breaking the bank. This affordability makes Drogheda an attractive choice for potential homeowners.
Locals often talk about the town's charm and community feel, which adds to its appeal. The combination of affordability and growth potential makes Drogheda a smart choice for anyone looking to invest in property. Plus, the town's strategic location, close to Dublin, offers the best of both worlds: a peaceful lifestyle with easy access to the city.
As the town continues to grow, the potential for significant appreciation in property values is promising. This makes it an exciting time to consider buying in Drogheda. The town's development is not just about numbers; it's about creating a vibrant community where people want to live and thrive.
Sources: Census Figures, Affordable Housing
10) Athlone in County Westmeath is thriving as a central hub with commercial growth and rising property values
Athlone in County Westmeath is booming with commercial growth and rising property values.
Thanks to its prime location as Ireland's central hub, Athlone is becoming a magnet for both businesses and new residents. Even though it had a 20% commercial vacancy rate in 2023, the town's strategic position and burgeoning tech scene are drawing companies in. For instance, Mersus Technologies is thriving here, taking advantage of the lower cost of living and high quality of life that Athlone offers.
What makes Athlone even more appealing is its excellent connectivity to major cities like Dublin. The M6 and M4 roads, along with railway routes, make commuting a breeze. This accessibility is a big plus for businesses and residents alike, adding to the town's allure as a central hub.
Designated as a Regional Growth Centre, Athlone is actively working on economic development. This status is a nod to the town's efforts to boost its economy, which is likely a factor in the increasing property values we've seen in recent years.
Sources: Westmeath County Council, Midlands Ireland, CBRE Ireland Real Estate Market Outlook 2024, Westmeath Independent
11) Dundrum in Dublin is desirable for its large shopping center, driving property value growth
Dundrum in Dublin is a hot spot for property buyers, thanks to the massive Dundrum Town Centre.
This shopping center isn't just about retail therapy; it has a huge impact on local property values. When it was sold as part of a €1.85 billion portfolio, it showed just how important it is to the area.
In 2023, Dundrum saw a 3.9% rise in average asking prices, hitting €364,998. By 2024, Dublin's property prices jumped by 4.1% in the third quarter, the biggest leap since 2017, showing how much people want to live here.
The Dundrum Local Area Plan 2023 is all about boosting infrastructure for new homes, making the area even more appealing. With these plans and the shopping center's pull, Dundrum is a top choice for homebuyers.
People love having strong retail options nearby, and Dundrum delivers. It's perfect for those who want convenience and a great lifestyle.
Sources: Global Property Guide, Irish Examiner, World Property Journal
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12) Salthill in Galway is popular for its scenic views and strong short-term rental market during tourist seasons
Salthill, Galway, is becoming a hot spot thanks to its stunning scenic views and thriving short-term rental market.
In this seaside suburb, property prices are on the rise, reflecting a growing demand in areas like Salthill, Taylor's Hill, and Barna. The housing supply is tight, making it a competitive market for buyers.
The short-term rental scene in Salthill is booming, with high occupancy rates during peak tourist seasons. This is no surprise, as Salthill and Galway city have been named 'trending winter destinations' for 2024, drawing in tourists from all over.
The Galway Tourism Strategy 2020-2025 highlights Salthill as a key tourist destination, aiming to increase visitor numbers and revenue by offering unique experiences. This strategic focus is paying off, as more people are discovering what Salthill has to offer.
Media coverage and travel blogs are buzzing about Salthill, frequently recommending it for its scenic views and attractions. This kind of attention only adds to its growing popularity among tourists and potential property buyers.
Sources: Advertiser.ie, Advertiser.ie, Galway Tourism Strategy
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility. Finally, please note that we are not affiliated to any of the sources provided. Our analysis remains then 100% impartial.