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Cork City · report

Past price cycles in Cork City

Sale prices have fallen by 3% or more 7 times since 2010. The deepest began in Q2 2010.

Deepest fall
−42.0%
Recovery from the low
42 months

Prices in Cork City and in Ireland, indexed

Average sale prices, both set to 100 in Q1 2010.

  • Cork City
  • 100 = Q1 2010
Show the numbers
PeriodCork City
Q2 2026162.8
Q1 2026158.3
Q4 2025158.2
Q3 2025159.9
Q2 2025171.7
Q1 2025161.7
Q4 2024152.6
Q3 2024151.0
Q2 2024145.3
Q1 2024132.8
Q4 2023136.7
Q3 2023136.1
Q2 2023134.6
Q1 2023132.0
Q4 2022144.0
Q3 2022127.4
Q2 2022132.5
Q1 2022125.7
Q4 2021127.3
Q3 2021121.1
Q2 2021116.7
Q1 2021119.1
Q4 2020125.2
Q3 2020121.0
Q2 2020109.8
Q1 2020116.9
Q4 2019114.7
Q3 2019123.9
Q2 2019117.4
Q1 2019118.0
Q4 2018111.9
Q3 2018110.7
Q2 2018108.9
Q1 201896.1
Q4 201797.5
Q3 2017106.4
Q2 201790.4
Q1 201788.7
Q4 201697.6
Q3 201692.4
Q2 201686.5
Q1 201677.7
Q4 201590.1
Q3 201589.9
Q2 201582.9
Q1 201573.3
Q4 201472.9
Q3 201482.0
Q2 201462.8
Q1 201458.2
Q4 201367.9
Q3 201374.2
Q2 201368.3
Q1 201370.7
Q4 201267.4
Q3 201269.0
Q2 201282.5
Q1 201279.5
Q4 201179.6
Q3 201196.0
Q2 201182.3
Q1 201188.2
Q4 201096.9
Q3 201097.7
Q2 2010100.4
Q1 2010100.0

Every fall of 3% or more

From the peak to the lowest month after it, and how long prices took to get back.

PeakLowFallMonths fallingMonths to recover
Q2 2010Q1 2014−42.0%4542
Q3 2017Q1 2018−9.7%63
Q3 2019Q2 2020−11.4%96
Q4 2020Q2 2021−6.8%66
Q2 2022Q3 2022−3.9%33
Q4 2022Q1 2023−8.3%315
Q2 2025Q4 2025−7.8%6Not yet

Ireland against the EU since 2015

Eurostat's house price index for all dwellings, 2015 = 100. National figures, comparable across member states.

  • Ireland
  • EU
  • 2015 = 100
Show the numbers
PeriodIrelandEU
Q2 2026205.9168.6
Q1 2026204.9166.5
Q4 2025203.2164.6
Q3 2025199.4163.5
Q2 2025194.3161.0
Q1 2025191.8158.5
Q4 2024190.0156.2
Q3 2024185.5155.1
Q2 2024180.3152.7
Q1 2024177.7149.8
Q4 2023173.7148.9
Q3 2023168.8149.1
Q2 2023166.3148.2
Q1 2023167.2147.6
Q4 2022168.4148.7
Q3 2022166.5150.9
Q2 2022161.9149.6
Q1 2022159.1146.2
Q4 2021155.1143.2
Q3 2021148.8140.2
Q2 2021141.7136.0
Q1 2021138.3132.1
Q4 2020136.3129.8
Q3 2020134.6128.1
Q2 2020134.2126.3
Q1 2020134.3124.4
Q4 2019135.3122.7
Q3 2019135.6121.5
Q2 2019133.7119.8
Q1 2019133.0117.6
Q4 2018134.2116.8
Q3 2018133.3115.9
Q2 2018130.4114.2
Q1 2018127.3112.3
Q4 2017125.2111.2
Q3 2017122.2110.4
Q2 2017115.9108.8
Q1 2017113.4106.9
Q4 2016112.1106.1
Q3 2016109.3105.4
Q2 2016104.8103.8
Q1 2016103.7102.0
Q4 2015103.3101.1
Q3 2015101.7100.8
Q2 201598.699.8
Q1 201596.498.3

The CSO's residential property price index goes back to 2005 for Ireland and Dublin, and to 2010 for the other regions and Dublin's four councils, where it covers houses only; it is adjusted for the mix of homes bought. Other councils use the average price of homes bought, by quarter since 2010, which is not. A fall counts once prices drop 3% below a peak, and ends when they are back at it.

Other reports for Cork City

Affordability

At the average sale price, a home costs €403,435. With 10% down and a 30-year mortgage, the payment is €1,620 a month. Ireland sets no cap on the payment; the Central Bank limits most mortgages to four times gross income for first-time buyers and 3.5 times for others.

Payment, two incomes
19%
Payment, one income
38%

Buy or rent

Owning the average home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the average sale price; rent is the average rent of the tenancies registered with the RTB in the year. Repaying the loan is saving, so it is left out.

Rent per month
€1,701
Owning per month
€1,552

New homes

77.7% more homes were granted planning permission in the last 12 months than in an average year of the past decade.

Permitted, 12 months
3,396
Per 1,000 residents
15.2