Home prices rose by 6.8% in the 12 months to February

Michael Bolton

House prices have increased 6.8 per cent in the 12 months to February 2026, according to the Central Statistics Office (CSO).

This is down from the 7.1 per cent recorded in the year to January.

Property prices in Dublin rose by 5.6 per cent, and prices outside Dublin were up by 7.8 per cent compared with February 2025.

The median price of a dwelling purchased in the 12 months to February 2026 was €390,000.

The highest median price for a house in February 2026 was €681,500 in Dún Laoghaire-Rathdown, while the lowest median price was €198,000 in Donegal.

The most expensive Eircode area over the 12 months to February 2026 was A94 (Blackrock, Dublin) with a median price of €841,250, while F45 (Castlerea, Roscommon) had the lowest median price of €153,000.

Outside of Dublin, house prices were up by 7.4 per cent and apartment prices rose by 13.2 per cent.

The region outside of Dublin that saw the largest growth in house prices was the Midlands (Laois, Longford, Offaly, and Westmeath) at 15.3 per cent, while at the other end of the scale, the South-West (Cork and Kerry) saw a rise of 4.2 per cent.

In February 2026, 3,370 dwelling purchases by households were filed with the Revenue Commissioners at a total value of €1.47 billion.

Trevor Grant, chairperson of Irish Mortgage Advisors: “While the rate of house price growth has eased, this softening could be short-lived if the conflict in the Middle East is not resolved soon.

"Before the conflict in the Middle East erupted, high building materials inflation was already a critical challenge for the building industry.

"However, the recent and ongoing surge in oil prices could drive building materials inflation even higher and in turn, further push up house building costs – as well as Irish house prices.

"The trickle-down impact of higher oil prices on house prices cannot be overlooked. The construction industry has recently warned that the surge in oil prices could further accelerate cost increases for the industry.

"So would-be house buyers need to be mindful that the ongoing crisis could push up the cost of delivering homes – and in turn house prices."