House price inflation slowed to its lowest level in nearly three years in August.
That’s according to the latest Residential Property Price Index from the Central Statistics Office (CSO), which indicated that prices nationally rose at an annualised rate of 5.1% in August, down from 5.4% in the previous month.
This was the lowest level of price growth in the Irish market since December 2023 and follows the trend recorded in the MyHome Property Report for Q3 2026, also released this week in association with Bank of Ireland, which also found that asking price inflation had slowed to its softest pace in over three years.
In Dublin, residential property prices rose by 3.9%, while residential property prices outside Dublin were 6.2% higher in August 2026 when compared with August 2025.
The annual increase in residential property prices nationally of 5.1% for August 2026 represents the lowest annual rise since December 2023, when the annual increase was 4.1%.
As of August 2026, the Residential Property Price Index outside of Dublin is more than three times higher than in May 2013. In May 2013, in the midst of the economic downturn, the Index for properties outside of Dublin hit its lowest point since the series began in 2005.
In the 12 months to August 2026, house prices in Dublin rose by 3.3% while apartment prices increased by 5.7%. The highest house price growth in Dublin was in Dún Laoghaire-Rathdown at 6.0% while Dublin City saw a rise of 1.0%.
Outside of Dublin, house prices were up by 6.0% and apartment prices rose by 8.6%. The region outside of Dublin that saw the largest growth in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 9.1%, while at the other end of the scale, the Mid-East (Kildare, Louth, Meath, and Wicklow) and the South-West (Cork, and Kerry) both saw a rise of 4.9%.
Households paid a median or mid-point price of €400,000 for a residential property in the 12 months to August 2026. The highest median price paid for a dwelling was €685,000 in Dún Laoghaire-Rathdown, while the lowest was €199,000 in Longford.
The most expensive Eircode area over the 12 months to August 2026 was A41 (Ballyboughal, Dublin) with a median price of €865,000, while F45 (Castlerea, Roscommon) had the least expensive median price of €160,000.
In August 2026, 4,279 dwelling purchases by households at market prices were filed with the Revenue Commissioners, an increase of 2.5% when compared with the 4,174 purchases in August 2025. The total value of transactions filed in August 2026 was €1.95 billion. This was made up of 3,241 existing dwellings with a value of €1.44 billion, and 1,038 new dwellings with a value of €506.4 million.
Follow MyHome on WhatsApp for all the latest property news and advice.
