Ireland Home Price Growth Hits Lowest Level Since 2024
Ireland's national home price inflation remained static at 6.2 percent in May 2026, the lowest annual increase in over two years.
The Central Statistics Office Ireland reported that residential property prices rose by 6.2 percent in the 12 months leading to May 2026. This rate remained unchanged from April and marks the lowest annual increase since February 2024. The national median house price reached 395,000 euros, with current prices standing 25 percent above the peak of the 2007 property boom.
A divergence has emerged between urban and rural markets. Prices in Dublin rose by 4.7 percent, while other regions saw a 7.3 percent increase, driven by a shortage of second-hand properties. The Midlands recorded the highest regional growth at 13.2 percent, while Dún Laoghaire-Rathdown had the highest median price and Longford the lowest.
Industry analysts warn that demand continues to outpace supply. Kate English of Deloitte Ireland noted that while price growth has eased, rising material costs impact the market and at least 20,000 completions are needed to meet annual housing targets. Rachel McGovern of Brokers Ireland highlighted that buyer affordability remains stretched and expressed concern regarding the impact of geopolitical volatility on interest rates. In other economic news, the Central Statistics Office reported a significant decrease in Ireland's foreign trade surplus for May 2026, falling to 3.4 billion euros from 12.1 billion euros the previous year.
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