House price surge in Irish city reveals the minimum salary needed to buy a home there in 2025
The latest House Price Report from property website daft.ie, published this week, shows
Dublin
leading the charge in house price inflation
across Ireland
. The capital saw
listing prices soar
by 12.2% in the first quarter of 2025 - the highest national inflation rate in nearly eight years.
This sharp uptick is largely attributed to severe supply constraints. As of March 1, 2025, fewer than 2,700 second-hand
homes were on sale
in Dublin - a 10% decrease from last year and significantly below the pre-pandemic average of 4,000.
This acute shortage has ramped up competition, sparking bidding wars and often resulting in sales prices surpassing asking prices.
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The housing crisis isn't limited to Dublin, though the capital is bearing the brunt. Nationally, listing prices increased by 3.7% in the first quarter, with the average home now listed at €346,048 - a jaw-dropping 11.6% increase year-on-year.
However, price growth varies greatly by location, with Leitrim remaining the most affordable county (€203,624), while South County Dublin tops the market at €709,186, reports
the Irish Mirror
.
Using data from the Daft House Price Report published on Tuesday, we examined what salary a single buyer would need to qualify for a mortgage on the listing price of a home in six areas of Dublin.
The figures are based on the new maximum mortgage level for a first-time buyer, which is now capped at 4 times your gross annual salary. Central Bank deposit rules also require a 10% deposit for first-time buyers.
It's important to note that these numbers don't fully reflect the challenge - homes in Dublin are often selling above the asking price. Data from myhome.ie in January found that, on average nationally, homes are selling for 9% over the list price, with one in seven exceeding 20% above asking.
Below, we break down the salary needed to qualify for a mortgage on the average listing price in six areas of Dublin.
For a full county-by-county breakdown across Ireland, see:
The salary you need to buy a house in every Irish county in 2025
.
Views over O'Connell Bridge and Dublin city centre
(Image: David Soanes Photography via Getty Images)
North County Dublin
Average list price: €420,653
Up 15.3% on last year
Deposit needed: €42,065
Salary needed: €94,647
Dublin North City
Average list price: €421,427
Up 11.1% on last year
Deposit needed: €42,143
Salary needed: €94,821
Dublin City Centre
Average list price: €405,376
Up 8.9% on last year
Deposit needed: €40,537
Salary needed: €91,209
Dublin South City
Average list price: €495,822
Up 12.8% on last year
Deposit needed: €49,582
Salary needed: €111,560
South County Dublin
Average list price: €709,186
Up 13.8% on last year
Deposit needed: €70,918
Salary needed: €159,567
West County Dublin
Average list price: €385,001
Up 10.4% on last year
Deposit needed: €38,500
Salary needed: €86,625
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