House prices increased by 7.8% in the past 12 months

By Gráinne Ní Aodha, PA

House prices increased by 7.8 per cent in the 12 months to June, according to new figures.

This matched the same rate of house inflation there was in the 12 months to May (7.8 per cent).

The Residential Property Price Index (RPPI) published on Wednesday showed that property prices in Dublin rose by 6.6 per cent and prices outside Dublin were up by 8.8 per cent compared with June last year.

The median price of a dwelling purchased in the 12 months to June was €370,000.

The highest median price for a dwelling in the 12 months to June was €675,000 in Dun Laoghaire-Rathdown, while the lowest median price was €190,000 in Leitrim.

In June 2025, 4,029 dwelling purchases by households were filed with the Revenue Commissioners at a total value of €1.7 billion.

These purchases were made up of 3,092 existing dwellings and 937 new dwellings.

Revenue data shows there were 1,531 first-time buyer purchases in June 2025.

Niall Corkery, statistician in the Prices Division at the Central Statistics Office (CSO), said: “Outside Dublin, house prices were up by 9 per cent and apartment prices rose by 6.6 per cent.

“The region outside of Dublin that saw the largest growth in house prices was the West (Galway, Mayo, and Roscommon) at 10.3 per cent, while at the other end of the scale, the South-East (Carlow, Kilkenny, Waterford, and Wexford) saw a 7.1 per cent rise.

“Households paid a median or mid-point price of 370,000 for a residential property in the 12 months to June 2025.

“The most expensive Eircode area over the 12 months to June 2025 was A94 (Blackrock, Dublin) with a median price of €780,000, while F45 (Castlerea, Roscommon) had the least expensive price of €148,000.”

The government is due to publish a new housing plan in the autumn as house prices and rents continue to rise.

Housing Minister James Browne has pledged to tackle record rates of homelessness, which is teetering just below 15,000 people a month, and to reform the rental sector with a new series of tenancy rules.

An injection of funding for various infrastructure projects, such as water and electricity supplies, also aims to boost the number of homes available in Ireland.

But Mr Browne has admitted that the housing target for this year, of 41,000 new-builds, is “not realistic” after the last Fianna Fail-Fine Gael government missed the 2024 target of 33,450 new builds.

Mr Browne has said that all predictions are trending around 34,000 homes being built this year.