The average price of a resale property in Dublin has risen to €593,936, marking an increase of over €50,000 since March 2024, a new property survey for Q1 2025 has revealed. According to the latest residential market review from estate agents DNG, prices climbed by 1.9 per cent in the first three months of the … Read more
Asking prices for homes across Ireland climbed by an average of 3.7 per cent in the first three months of 2025, according to the latest Daft.ie House Price Report. The study revealed that the typical listed price nationwide now stands at €346,048—an 11.6 per cent increase from the same period last year and 35 per … Read more
Nearly a third of households are finding it difficult to afford housing expenses, according to latest data from the Central Statistics Office (CSO). The report revealed that 29.5 per cent of households experienced housing costs as a heavy financial burden in 2024. These costs include rent, mortgage payments, insurance, utility bills, and maintenance expenses. While … Read more
IRELAND’S LARGEST PRIVATE landlord is seeking to implement a €200 monthly surcharge for new tenants at one of its Dublin properties. Ires Reit plans to add the “common area” fee to monthly bills for prospective residents of The School Yard, a 61-apartment complex on North Circular Road in Drumcondra built in 2022. Despite the significant … Read more
Over 8,500 landlords in Ireland have been contacted by the regulator amid concerns they are charging rents above legal limits, Irish Independent reported. The Residential Tenancies Board (RTB) has emailed 8,652 landlords in recent months, highlighting potential breaches of rental cap rules. These landlords oversee more than 16,000 tenancies. RTB Director Rosemary Steen warned that … Read more
The average interest rate on new Irish mortgages fell to 3.8 per cent in December, down from 3.97 per cent in November, according to new figures from the Central Bank. This marks the lowest rate since April 2023. The Central Bank also reported that the average mortgage rate across the euro area decreased by eight … Read more
A new Simon Communities report reveals severe shortages in Housing Assistance Payment (HAP) accommodation across Ireland, with several major urban centers reporting zero available properties within HAP limits. The December 2023 “Locked Out of the Market” study found only 46 properties available within discretionary HAP rates across 16 surveyed areas, marking a modest 10% increase … Read more
A total of 30,330 homes were completed in 2024, marking a 6.7 per cent decrease from 2023, according to the Central Statistics Office (CSO). The latest figures reveal that 8,763 apartments were built last year, representing a sharp 24 per cent drop compared to the previous year. Single dwellings also saw a decline, with 5,367 … Read more
Mortgage rates in Ireland are set to fall below 3 per cent by the end of the year, bringing relief to homebuyers, Irish Independent reported. However, savers have been warned of a downside to the declining rates, as returns on savings accounts are expected to drop significantly in the coming months. The latest figures from … Read more
A government audit has revealed significant cost overruns totaling €39.4 million across four Dublin City Council “rapid-build” housing projects, prompting demands for accountability from local councillors. Key findings from the audit: Original combined budget of €88.5M rose to €127.5M Projects delivered 263 homes across four locations Consultancy fees exceeded original estimates by up to 93% … Read more
The average mortgage loan for house purchases exceeded €300,000 for the first time last year, according to MyHome.ie’s latest quarterly report. In the third quarter of 2024, the average residential mortgage loan stood at €308,200, marking a 7 per cent increase compared to the same period in 2023. October saw a further rise, with average … Read more
The State faces a €372 million bill over 25 years for social housing that will ultimately return to private investors under the Enhanced Leasing Scheme. Launched in 2018, the scheme has delivered between 558 and 669 homes, according to varying figures from the Department of Housing and local councils. Investors receive up to 95% of … Read more
A staggering 4,608 applications were submitted for just 195 cost-rental apartments in a new development at Shanganagh Castle in Dublin’s Shankill. The Land Development Agency (LDA) opened applications for the apartments last week, and demand far exceeded availability. Of the total applications, just over 2,200 met the eligibility criteria for the scheme. A lottery will … Read more
The average mortgage value for first-time buyers has reached a record level of just under €290,000, according to new figures from Banking and Payments Federation Ireland (BPFI). This marks the highest value recorded since BPFI began tracking this data in 2003, underscoring the rising financial challenges for those entering the property market. Similarly, home mover … Read more
Irish property prices are currently overvalued by 8 to 10 percent, the Economic and Social Research Institute (ESRI) said in its latest Quarterly Economic Commentary. The institute’s analysis considered various factors, including housing prices, disposable incomes, interest rates, housing supply, and the proportion of the population aged 25 to 44—the key demographic for homebuyers. The … Read more