House prices increased by 7% last year, according to the latest Residential Property Price Index from the Central Statistics Office (CSO).
While this was down from an annual increase of 8.7% in 2024, the figure remains well ahead of average wage growth meaning the purchasing power of buyers continues to be squeezed.
The figure of 7% in the 12 months to December 2025 was also up from 6.8% in November of last year.
In Dublin, residential property prices saw an increase of 5.6%, while residential property prices outside Dublin were 8.1% higher in December 2025 when compared with December 2024.
In the 12 months to December 2025, house prices in Dublin rose by 5.2% while apartment prices increased by 6.8%. The highest house price growth in Dublin was in Dublin City at 7.0% while Fingal saw a rise of 3.7%.
Outside of Dublin, house prices were up by 7.7% and apartment prices rose by 12.5%. The region outside of Dublin that saw the largest growth in house prices was the Midlands (Laois, Longford, Offaly, and Westmeath) at 14.4%, while at the other end of the scale, the West (Galway, Mayo, and Roscommon) saw a rise of 6.4%.
Households paid a median or mid-point price of €387,000 for a residential property in the 12 months to December 2025. The highest median price paid for a dwelling was €679,999 in Dún Laoghaire-Rathdown, while the lowest was €195,000 in Donegal.
The most expensive Eircode area over the 12 months to December 2025 was A94 (Blackrock, Dublin) with a median price of €830,000, while F45 (Castlerea, Roscommon) had the least expensive price of €155,000.
In December 2025, 5,947 dwelling purchases by households at market prices were filed with the Revenue Commissioners, an increase of 14.9% when compared with the 5,177 purchases in December 2024. The total value of transactions filed in December 2025 was €2.6 billion. This was made up of 4,001 existing dwellings with a value of €1.7 billion, and 1,946 new dwellings with a value of €901.5 million.
The CSO said the prices of second-hand properties are rising faster than the cost of new homes.
In the last three months of last year new home prices were up by 6%. For the four quarters of last year the rise was 5.3%. However, existing dwelling prices saw a rise of 7.3% in the last three months of 2025 with the increase coming in at 10.6% for the four quarters of last year.
The latest report shows that residential property prices are now 178.8% above their low point in early 2013 after the financial crash and are 25% above their highest level at the peak of the property boom in April 2007.
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