Ireland’s residential property market appears to be moving into a more measured phase, with the latest MyHome report pointing to a slowdown in price momentum towards the end of 2025.
According to the report, produced in association with Bank of Ireland, national asking prices rose by 5.4% in the final quarter of the year. This marked a levelling off compared with earlier periods, with prices broadly unchanged from the previous quarter. While growth remains evident, the pace suggests a market that is cooling rather than accelerating.
Competitive bidding has also eased. Homes sold during the period typically achieved prices 7.4% above asking, down from a peak of 8.6% recorded during the summer months. This reduction indicates some relief for buyers, although competition remains a defining feature of the market.
Recent Central Statistics Office data showed annual transaction price inflation of 7.6% in September, which was notably higher than the latest asking price figures. This divergence suggests that softer asking price growth may begin to feed through to actual sale prices during 2026.
In terms of values, the median asking price for new homes nationally stood at €380,000 in the fourth quarter of 2025. In Dublin, the figure rose to €475,000, while properties outside the capital had a median asking price of €325,000. These regional differences continue to highlight the pressure on affordability, particularly in urban areas.
Supply constraints remain a central issue. Around 12,200 properties were listed for sale on MyHome in December, underlining the limited availability of housing stock. Although residential construction is improving, demand continues to outstrip supply.
The report projects that approximately 34,000 new homes will be completed by year-end, which would represent the highest level of delivery since the Celtic Tiger era. Even so, this falls short of the estimated 50,000 to 60,000 homes per year that analysts believe are required to meet underlying demand.
While increased construction activity is a positive development, the data suggests that sustained and consistent growth in housing supply will be necessary before the market can move towards a genuinely balanced position.
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