Property prices in Cork city rise by more than 11%

Median property prices in Cork city have risen by 11.7% to €335,000 compared with this time last year, according to the latest quarterly house price report from MyHome.ie.

The report on the second quarter of 2025, conducted in association with Bank of Ireland, also shows that the median asking price for a property in Cork county is now €325,000, which is an increase of 10.2% compared to last year.

According to the report, the median asking price for a four-bedroom, semi-detached house in Cork has risen by 7.1% to €413,000.

While the median price for two-bedroom apartments in Cork has risen by 8.7% to €250,000, nationally, the report shows that asking prices for houses and apartments are rising at 7% annually.

The author of the report, Conall MacCoille, chief economist at Bank of Ireland, said: 

“Uncertainty following Donald Trump’s announcement of ‘Liberation Day’ tariffs hasn’t been sufficient to dent Ireland’s housing market.

“The average mortgage approval in May was up 6.7% on the year, while the typical residential transaction is being settled 7.5% above the original asking price.

“Meanwhile, one-in-six properties is sold by 20% or more over asking price, indicating that competition for homes remains fierce.”

Joanne Geary, managing director of MyHome, added: “The volatile geo-political climate in which we are living is particularly unhelpful for the economy.

“It is promising that, to date, the threat of US-EU tariffs does not appear to have had a major negative effect on the market, but it remains to be seen what the coming months will bring.

“We need to focus on what we can actually control, which means continuing efforts to significantly increase our national stock of properties and urban apartments in particular.”