The average price of a second-hand home in Dublin has reached €600,047, highlighting the ongoing escalation in Ireland’s property market, according to the latest DNG National Price Gauge.
Outside the capital, the average home price has risen to €313,453, demonstrating the significant regional price disparities across the country. The €600,000 Dublin average represents a substantial affordability challenge, requiring buyers to secure a minimum deposit of €60,000 and earn approximately €135,000 annually to qualify for mortgage financing.
Despite reaching this milestone, the rate of price growth in Dublin showed signs of moderation during the second quarter of 2025. DNG recorded a 1 percent quarterly increase, marking the third consecutive quarter where price growth has decelerated. This compares to a 2.5 percent average increase during the same period in 2024.
Annual price growth in Dublin reached 8 percent over the past year, slightly below the 9.6 percent recorded for the year ending December 2024. The rest of the country experienced similar annual growth at 8.7 percent.
Regional variations in price increases were evident across Ireland. The South East recorded the largest average price increase during the first half of 2025, while the Mid West experienced the most significant 12-month jump through the end of June. The Mid West saw annual growth of 10.4 percent, with average prices reaching €291,160, while the South East recorded 10.3 percent growth with prices averaging €281,045.
Entry-level Dublin properties, defined as homes valued below €350,000, increased by 1.4 percent quarterly and 9.9 percent annually. Dublin apartments showed particular strength with 7 percent annual growth, compared to 4.2 percent in the previous year.
Supply conditions showed some improvement, with Dublin recording 12 percent more homes available for sale in the first half of 2025 compared to the same period in 2024. However, this increased supply has only partially offset demand pressures.
DNG Director of Research Paul Murgatroyd noted that the market remains characterized by “an excess of demand over supply and prices continue to climb as a result.” He acknowledged the welcome increase in Dublin’s second-hand market availability but emphasized that “demand has remained robust, particularly from first time buyers keen to get on the property ladder.”
The €600,000 average represents a psychological barrier crossed at a time when housing affordability remains a critical policy challenge for Irish policymakers and a significant obstacle for potential homeowners seeking to enter the property market.