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Ireland’s annual house price growth slowed to 5.6% in June, marking its lowest level in nearly two and a half years, according to data from the Central Statistics Office (CSO). The latest reading extended the gradual moderation in the housing market after annual price growth reached 10.1% in August 2024. The CSO data also showed that residential property prices increased 0.5% month-on-month in June. The continued easing indicates that the pace of house price growth has been cooling, although prices remain higher than a year earlier.
Irish annual house price growth eased to 5.6% in June, its lowest level in nearly two and a half years, according to data released by the Central Statistics Office.
The latest figure followed a revised annual growth rate of 6.1% in May and marked the fourth consecutive month in which the pace of residential property price growth moderated. The annual rate was the weakest since January 2024.
On a monthly basis, residential property prices increased by 0.5% in June. Despite the slower annual growth, prices therefore continued to rise during the month.
Irish house price inflation has been gradually declining from its most recent annual peak of 10.1% recorded in August 2024. The latest figures indicate that the housing market has continued to move away from the stronger price growth seen during that period.
The moderation comes as Ireland's housing supply has also been changing. More than 36,000 homes were completed in 2025, up around 20% from the previous year, while planning permissions increased during the same period. However, housing completions remain an important factor for the market as demand continues to exceed available supply in several areas.
The Central Bank of Ireland has also noted that residential property price growth has been easing, while housing construction activity has increased. Its recent assessment said the housing market was showing signs of stabilisation, although higher construction costs remained a concern for future supply.
Source Reuters
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