House prices increased by 7.5% in July, figures show

Michael Bolton

House prices in the Republic rose at an average annual rate of 7.5 per cent in July, down from 7.9 per cent the previous month, the latest official figures show.

Property prices in Dublin rose by 6 per cent, and prices outside Dublin were up by 8.7 per cent compared with July 2024.

The median price of a property in Ireland in July was €374,999.

The highest median price in the 12 months to July 2025 was €675,000 in Dún Laoghaire-Rathdown, while the lowest median price was €195,000 in both Donegal and Leitrim.

The most expensive Eircode area over the 12 months to July 2025 was A94 (Blackrock, Dublin) with a median price of €795,000, while F45 (Castlerea, Roscommon) had the least expensive price of €150,000.

Revenue data shows there were 1,876 first-time buyer purchases in July 2025.

The CSO figures indicated that the total value of transactions filed in July was €2.1 billion.

This was made up of 3,567 existing dwellings with a value of €1.5 billion, and 1,145 new dwellings with a value of €550.7 million.

“While the slight fall in the rate of annual house price growth will be welcomed by aspiring buyers, this is not unusual for the summer, often a quiet time for house sales,” Trevor Grant, chairman of Irish Mortgage Advisors, said.

“However, this easing could be short-lived and we could well see the rate of house price growth pick up for September and October, often busy months for house sales,” he said.

Umbrella group Brokers Ireland said with disappointing housing statistics on permissions and commencements it was difficult to see any meaningful tapering of prices in the foreseeable future.

Deputy chief executive Rachel McGovern said: “There has been a marginal dip in the level of increases but nothing of any consequence.”

“Unfortunately that means our housing market will continue to best serve those on high incomes and those with access to financial support from family,” she said.

She said the Government now had a major task on its hands with its awaited new housing plan.

“It will take unparalleled measures to unlock the impediments, particularly in zoning, planning and infrastructure,” she said.