Annual house price growth eases to 5.6% in June – CSO

The rate of growth in house prices slowed in the year to June, according to the latest figures from the Central Statistics Office.

The figures, from the CSO’s national Residential Property Price Index (RPPI), show that in 12 months to June this year, the average price of a home rose by 5.6% – compared to 6.1% in the year to May.

The annual increase in residential property prices of 5.6% for June was the lowest annual rise since January 2024.

House price inflation has been gradually moderating from the most recent year-on-year peak of 10.1% in August 2024.

The CSO said that property prices between June 2025 and June of this year rose at a faster rate outside of Dublin compared to the capital.

The increase during the 12-month period for Dublin was 4.6%, with prices in the rest of the country rising by 6.4%.

Today’s figures show that house prices in Dublin rose by 3.9% while apartment prices increased by 7%. The highest house price growth in Dublin was in Dún Laoghaire-Rathdown at 4.8% while Fingal saw a rise of 3.2%.

Outside of Dublin, house prices were up by 6% and apartment prices rose by 10.2%. The region outside of Dublin that saw the largest growth in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 10.5%, while at the other end of the scale, the South-West (Cork and Kerry) saw a rise of 3.7%.

The CSO figures also show the median price of a home purchased in the year to June was €396,000.

When broken down by area, the highest median price was in Dún Laoghaire-Rathdown (€682,334), with the lowest in Longford (€198,000).

Meanwhile, 4,058 home purchases valued at €1.82 billion were filed with Revenue in June.

These purchases were made up of 2,973 existing properties, and 1,085 new homes.

According to Revenue data, there were 1,705 first-time buyer purchases filed in June 2026.

Chairperson of Irish Mortgage Advisors Trevor Grant said while any slowdown will be welcomed by first-time buyers, they will need to bear in mind that prices are still climbing, just less steeply.

“The fundamental problem remains the same as it has been for years now – Ireland still isn’t building enough homes to meet demand from a growing population. Every quarter that completions fall short, that gap has a knock-on impact on prices,” Mr Grant said.

Mr Grant also noted that “with new housing completions in the first three months of 2026 up almost a third on the same months in 2025, 2026 had got off to a positive start, however, the second quarter figures suggest that progress was short-lived, which is a blow for the many young people who are hoping to buy a home but consistently find that houses are out of their reach”.

House-buying activity typically slows during the summer months, but according to Mr Grant “once the autumn market gets going, we are likely to see the same pressures that have been driving prices all year”.