Ireland’s Housing Market Sees Year-On-Year Rise of 9%, Highlighting Supply and Demand Imbalances

The property market in Ireland experienced a significant boost last year, with home prices climbing by 9% according to the latest report from Daft.ie.

High Costs in Dublin Continue to Dominate

Dublin remains the most expensive urban area for homebuyers, with average prices reaching nearly €700,000. The second and third most expensive cities are Cork and Galway, respectively, reflecting the competitive nature of these housing markets.

Regional Price Increases

Closer examination of regional price increases reveals that Cork’s housing prices rose by 6.3%, climbing to €347,263. Galway saw a similar growth rate of 9%, with homes now costing an average of €389,742. In Limerick, prices increased by 8.2% to €284,138, and Waterford experienced a 6.3% rise, with homes priced at €247,236.