By Quick answer: Irish residential property prices rose 5.6% in the 12 months to June 2026, the smallest annual rise since January 2024, according to the Central Statistics Office. The median price paid for a home in the year to June was €396,000. Prices rose 4.6% in Dublin and 6.4% outside Dublin. Supply, not demand, remains the constraint.
What do the latest CSO figures show?
The CSO’s Residential Property Price Index (RPPI) for June 2026, published on 19 August 2026, found:
- National: +5.6% year on year, down from 6.1% in May.
- Dublin: +4.6%, down from 5.0% in May.
- Outside Dublin: +6.4%, down from 7.0% in May.
- Median price: €396,000 across the 12 months to June.
- Activity: 1,705 first-time buyer purchases were filed with Revenue in June.
The CSO notes that the latest three months of RPPI data are provisional and revised later.
Is the market cooling?
Several indicators point to slower growth rather than a fall:
- Daft.ie’s Q1 2026 report showed listed prices up 3.7% in a year, the slowest rise since late 2023, with the average three-bed semi at about €435,000. Author Ronan Lyons said the market showed “signs of cooling” while remaining fundamentally undersupplied.
- Bank of Ireland forecast residential price inflation of about 4% for 2026 and noted that Dublin asking prices were up just 2.9% year on year in Q1, compared with a stronger rise elsewhere.
- Market heat: Daft found the gap between asking and final prices at about 5.8% nationally in early 2026, up from 3.4% two years earlier, meaning buyers are paying a little more over asking.
Why are prices still rising?
Supply. Daft counted roughly 11,500 second-hand homes for sale nationally on 1 December 2025, a very low stock for the size of the market. The Society of Chartered Surveyors Ireland and Bank of Ireland have both pointed to constrained supply as the main driver. Government housing output is rising, but analysts such as the Banking and Payments Federation warn that increasing it much further after 2026 “looks challenging”.
Dublin vs the rest of Ireland
Growth has been stronger outside the capital for more than a year, partly because Dublin prices are already high. The CSO’s January 2026 release put the median price in Dún Laoghaire-Rathdown at €680,000 against €195,000 at the cheaper end of the country, a spread of more than three times. Midlands counties, led by Westmeath, Offaly, Laois and Longford, recorded some of the fastest rises.
What does this mean for buyers and sellers?
- Buyers: slower inflation helps affordability, but you may still need to bid above asking. Get mortgage approval in principle first (see how much you can borrow).
- Sellers: demand remains strong, though price growth is easing.
- Investors: rents have been rising faster than prices; see our renting guide.
Key takeaways
- National prices +5.6% to June 2026, slowest since January 2024.
- Median €396,000; Dublin +4.6%, rest of Ireland +6.4%.
- Cooling, not crashing, because supply is still short.
FAQs
How much have house prices risen in Ireland in 2026?
The CSO reported a 5.6% annual increase to June 2026, down from 6.1% in May.
What is the median house price in Ireland?
€396,000 for the 12 months to June 2026, per the CSO.
Are Irish house prices falling?
No. Growth is slowing, but prices are still rising year on year.
Which part of Ireland has the fastest price growth?
Outside Dublin, where prices rose 6.4% in the year to June 2026, against 4.6% in Dublin.
What is the forecast for Irish house prices?
Bank of Ireland and the SCSI both forecast about 4% growth for 2026 as a whole.
General information only; not property or investment advice.
Sources: CSO Residential Property Price Index June 2026 (19 August 2026); MyHome (19 August 2026); RTÉ on Daft.ie Q1 report (26 March 2026); Bank of Ireland press release (27 May 2026); Global Property Guide; Irish Times (18 March 2026).
