Slight slowdown in property-price inflation but values still up by 7.5pc
Across the State, home prices were up by 7.5pc in the year to March 2025.
This is down from 8pc in the year to February.
Property prices in Dublin rose by 6pc, and prices outside Dublin were up by 8.7pc compared with March last year.
The median, or typical, price of a dwelling purchased in the year to March was €362,500.
This is up almost €30,000 in the past year alone, the CSO statistics show.
The highest median price for a home in the period was €665,000 in Dún Laoghaire-Rathdown, while the lowest median price was €180,000 in Leitrim.
Outside of Dublin, the most expensive region over the last year was Wicklow, with a median price of €454,000.
The second most expensive region was Kildare, which had a median price of €410,000.
In March, 3,617 dwelling purchases by households were filed with the Revenue Commissioners at a total value of €1.5bn.
These purchases were made up of 2,866 existing dwellings and 751 new dwellings.
Revenue data shows there were 1,336 first-time buyer purchases in the month.
Prices for new homes were up 4.1pc than in the first three months of this year.
CSO statisticians said this was higher than the increase in the same three month period in 2024.
A chronic shortage of second-hand homes saw their prices rise by 9.1pc in the first three months of this year.
Senior underwriter with mortgage provider Núa Money Donal Magee the CSO figures lend weight to what it is seeing on the ground.
Price growth has moderated slightly, but the accessibility gap to financing is still very real.
Managing director of Roundtower Capital, a firm that funds developers, Ian Lawlor said the rate of house price growth continues to ease slightly.
But CSO figures also shows that Irish house prices continue to soar with annual prices up 7.5pc.
'The CSO's latest house price index comes in the same week that a report from the property website Daft found that the average asking prices for rents nationally topped €2,000 for the first time ever.
He said: 'Ultimately, unless there's a significant increase in housing delivery, steep house price and rent inflation will persist and homes will continue to be unaffordable for a large cohort of young people.'
Mr Lawlor said demand for housing is only going in one direction for now.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The 42
16 minutes ago
- The 42
Open letter signed by players calls on GAA to end sponsorship deal with Allianz
AN OPEN LETTER was presented to the GAA yesterday at a protest outside Croke Park, calling on the association to end its sponsorship arrangements with insurance company Allianz. It's reported that over 800 current and former GAA players have signed the letter due to links between Allianz and Israel. Advertisement Letter signed by over 800 GAA former and current players was handed into GAA HQ this afternoon - as part of 'Drop Allianz' Campaign. Allianz's business relationships with Israel are enabling the genocidal and apartheid Israeli regimes across Palestine. — Irish Sport for Palestine (@Sport4Palestine) August 20, 2025 A report published on the website of the Office of the High Commissioner for Human Rights at the UN listed Allianz among companies and corporations that was buying Israeli treasury bonds, which, the report argues, play a 'critical role in funding the ongoing assault on Gaza'. The report was written by UN special rapporteur (independent human rights expert) on Human Rights in the Occupied Palestinian Territories, Francesca Albanese. The 42 contacted the GAA for comment but did not receive a response at time of publication. Allianz, in a statement to The 42, said: 'Our long-standing partnership with the GAA is about supporting Irish sport and communities. 'Allianz Ireland is part of a global group, and while the wider group operates internationally across insurance and investment, as a matter of principle we do not comment on individual customers or business matters. 'What we can say is that all Allianz business decisions are guided by strict legal standards and world-leading ESG principles.'
Irish Post
an hour ago
- Irish Post
Milestone moment as Glencar starts work on new Bidfood distribution hub
WORK has begun to build a new temperature-controlled distribution hub for the national food service provider Bidfood. Hertfordshire-based Glencar will deliver the new depot in Durham, which will total 86,098 sq. ft., including cold store, chill store and a chilled marshalling area alongside a large ambient warehouse. The contract will also see the Irish-founded firm deliver a two-storey main office, transport pod office, refuse and plant areas, and an external yard. An image of what the new Bidfood depot in Durham will look like (Pic: Glencar) It marks Glencar's second project for Bidfood, following the completion of their Worcester distribution facility in spring 2025. A ceremony was held this month as the first structural steel was installed at the site of the £20.5 million project off Drum Road in Chester-le-Street. The facility will serve as Bidfood's new Northeast regional hub, consolidating operations from Gateshead. 'We are incredibly pleased to work again with Bidfood on this new strategic development,' Glencar's North Regional Director Tom Kearsley said. 'It's great to mark progress with the installation of steelwork and to see the facility beginning to take shape,' he added. 'This project reflects our strong track record in delivering complex cold chain and logistics infrastructure, and we look forward to seeing it through to completion.' The new site is set to bolster Bidfood's regional logistics operations while accommodating team growth as the business scales. 'We're delighted to be working with Glencar again and to see progress taking shape on what will be a flagship facility for Bidfood in the region,' Bidfood's Chief Operating Officer Mark Wood said. 'This development marks a significant milestone in strengthening our operations across the Northeast,' he added. 'Further, it reflects our long-term commitment to investing in infrastructure supporting our customers and people. 'This new Durham site will allow us to consolidate services, improve efficiencies and futureproof our regional network. 'It also presents the opportunity for local employment, with the potential to grow our team.' See More: Bidfood, Durham, Food Distribution, Glencar
Irish Post
an hour ago
- Irish Post
Ireland welcomes confirmation of all-inclusive 15 per cent tariff in EU-US joint statement
A 15 PER CENT tariff on EU goods being imported into the US will apply to all sectors it was confirmed in a statement issued today. The EU-US Joint Statement on Trade, released this morning, confirms a 15 per cent tariff ceiling on EU goods exports to the US inclusive of existing US Most Favoured Nation tariffs, except where these are already higher. Tánaiste Simon Harris has welcomed the clarification provided in the statement, which he claims provides a 'first step' to further negotiations. 'We note the Joint Statement is now published following weeks of negotiation,' Mr Harris said today. 'We welcome clarity that the deal includes a single, all-inclusive 15% tariff on EU goods. 'We also now have assurance that this rate will extend to pharmaceuticals and semiconductors,' he added. 'This provides an important shield to Irish exporters that could have been subject to much larger tariffs pending the outcomes of Section 232 US investigations into these sectors.' Today's joint statement also includes 'zero for zero' tariff rate carve outs for aircraft and aircraft parts and 'leaves the door open for negotiation of further tariff reductions in the future on products of strategic common interest' Mr Harris's office explained. 'As the Statement makes clear, this is a framework agreement which gives us a first step to negotiate a more comprehensive and formal agreement with the US in the future,' the Tánaiste said. 'Our intention now is to see what other carve outs can be made in areas of interest for Irish exporters.' The Joint Statement also commits to future work in areas such as mutual recognition agreements on standards and conformity assessments, overcapacity in the steel and aluminium sector, and cooperation on critical raw materials. 'While the deal finally provides certainty, we also are acutely aware of the impact of higher tariffs and the existing difficulties that many Irish exporters have already faced this year,' Mr Harris said. 'In that regard, we also must continue to control what we can control and continue to make our country, and our European Union, as competitive as possible, as good a location as possible to invest in and create jobs. 'We must also look for other opportunities to diversify markets for Irish business. While we want to continue to do business with the US and indeed want to grow business. It is important that we take every opportunity to identify new markets." Next Monday, August 25, the Irish Government is due to publish its new Market Diversification Action Plan. Speaking after today's statement was issued, EU Commissioner Maroš Šefčovič said the statement "carries considerable weight and is truly impactful at a time when the trade landscape has completely changed". "Our transatlantic relationship is one of the largest economic partnerships in the world," he explained. "And this agreement has a clear, common goal – to put it on solid ground and help drive reindustrialisation on both sides of the Atlantic. We want to fully unleash the potential of our combined economic power. "But this is not the end. It is the beginning. This framework is a first step – one that can grow over time to cover more sectors, improve market access, and strengthen our economic ties even further." He added: "A 15% all-inclusive tariff cap for the EU: this is the most favourable trade deal the US has extended to any partner. "A wide range of sectors – including strategic industries, such as cars, pharmaceuticals, semiconductors and lumber – will benefit from this cap." See More: EU, Ireland, Joint Statement, Tariffs, Tánaiste Simon Harris, US
