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Ireland · report

Past price cycles in Ireland

Sale prices have fallen by 3% or more once since 2005. That fall began in April 2007.

Deepest fall
−55.1%
Recovery from the low
112 months

Prices in Ireland, indexed

The CSO's residential property price index, both set to 100 in January 2005.

  • Ireland
  • 100 = January 2005
Show the numbers
PeriodIreland
Aug 2026167.9
Jul 2026166.8
Jun 2026165.7
May 2026164.9
Apr 2026164.1
Mar 2026164.1
Feb 2026163.9
Jan 2026164.3
Dec 2025163.7
Nov 2025162.6
Oct 2025161.9
Sep 2025160.9
Aug 2025159.6
Jul 2025158.3
Jun 2025157.0
May 2025155.3
Apr 2025154.4
Mar 2025153.8
Feb 2025153.6
Jan 2025153.4
Dec 2024153.2
Nov 2024152.2
Oct 2024150.9
Sep 2024149.7
Aug 2024148.6
Jul 2024147.2
Jun 2024145.5
May 2024144.1
Apr 2024143.6
Mar 2024143.0
Feb 2024142.3
Jan 2024141.6
Dec 2023140.7
Nov 2023138.9
Oct 2023137.6
Sep 2023136.2
Aug 2023134.9
Jul 2023134.3
Jun 2023133.6
May 2023132.8
Apr 2023133.0
Mar 2023133.1
Feb 2023133.9
Jan 2023134.4
Dec 2022135.1
Nov 2022134.8
Oct 2022134.6
Sep 2022134.3
Aug 2022133.5
Jul 2022132.1
Jun 2022130.8
May 2022129.5
Apr 2022128.5
Mar 2022128.0
Feb 2022127.4
Jan 2022126.6
Dec 2021125.5
Nov 2021124.3
Oct 2021122.7
Sep 2021121.3
Aug 2021119.4
Jul 2021116.7
Jun 2021114.8
May 2021113.1
Apr 2021112.2
Mar 2021111.3
Feb 2021110.7
Jan 2021110.3
Dec 2020109.8
Nov 2020109.0
Oct 2020108.4
Sep 2020107.9
Aug 2020107.7
Jul 2020107.6
Jun 2020107.4
May 2020107.4
Apr 2020107.4
Mar 2020107.5
Feb 2020107.4
Jan 2020107.6
Dec 2019107.4
Nov 2019108.6
Oct 2019108.9
Sep 2019108.8
Aug 2019108.6
Jul 2019108.3
Jun 2019107.4
May 2019107.0
Apr 2019106.7
Mar 2019106.5
Feb 2019106.4
Jan 2019106.6
Dec 2018107.1
Nov 2018107.4
Oct 2018107.8
Sep 2018107.6
Aug 2018106.6
Jul 2018106.0
Jun 2018105.4
May 2018104.3
Apr 2018103.7
Mar 2018102.6
Feb 2018102.0
Jan 2018101.3
Dec 2017100.8
Nov 2017100.3
Oct 201799.5
Sep 201799.2
Aug 201797.8
Jul 201796.4
Jun 201794.1
May 201792.8
Apr 201791.4
Mar 201791.1
Feb 201790.7
Jan 201790.5
Dec 201689.8
Nov 201690.2
Oct 201689.0
Sep 201688.6
Aug 201687.6
Jul 201686.4
Jun 201684.5
May 201683.7
Apr 201683.5
Mar 201683.0
Feb 201682.8
Jan 201683.3
Dec 201582.5
Nov 201582.6
Oct 201582.9
Sep 201582.0
Aug 201581.7
Jul 201580.7
Jun 201580.1
May 201578.8
Apr 201577.9
Mar 201577.3
Feb 201577.0
Jan 201577.3
Dec 201477.0
Nov 201477.6
Oct 201477.3
Sep 201476.5
Aug 201474.9
Jul 201473.4
Jun 201471.3
May 201469.3
Apr 201467.5
Mar 201466.1
Feb 201465.7
Jan 201465.3
Dec 201365.3
Nov 201364.5
Oct 201364.2
Sep 201363.8
Aug 201362.9
Jul 201362.0
Jun 201360.5
May 201359.0
Apr 201359.0
Mar 201358.8
Feb 201359.6
Jan 201360.2
Dec 201261.3
Nov 201261.1
Oct 201261.3
Sep 201261.1
Aug 201260.6
Jul 201260.5
Jun 201259.9
May 201260.0
Apr 201260.2
Mar 201261.2
Feb 201260.8
Jan 201262.3
Dec 201163.3
Nov 201164.3
Oct 201165.4
Sep 201166.6
Aug 201168.1
Jul 201169.8
Jun 201171.3
May 201172.4
Apr 201173.7
Mar 201174.7
Feb 201176.5
Jan 201178.1
Dec 201078.7
Nov 201079.9
Oct 201081.6
Sep 201082.9
Aug 201084.0
Jul 201084.2
Jun 201085.1
May 201086.1
Apr 201087.6
Mar 201088.1
Feb 201089.2
Jan 201090.6
Dec 200991.5
Nov 200992.8
Oct 200993.1
Sep 200994.2
Aug 200994.2
Jul 200995.5
Jun 200996.9
May 200998.6
Apr 2009100.9
Mar 2009103.2
Feb 2009105.9
Jan 2009109.0
Dec 2008111.9
Nov 2008114.1
Oct 2008116.2
Sep 2008118.7
Aug 2008120.3
Jul 2008121.5
Jun 2008122.3
May 2008123.5
Apr 2008124.8
Mar 2008125.9
Feb 2008127.0
Jan 2008128.1
Dec 2007129.2
Nov 2007129.9
Oct 2007130.0
Sep 2007130.4
Aug 2007130.3
Jul 2007130.7
Jun 2007130.3
May 2007130.6
Apr 2007131.0
Mar 2007130.4
Feb 2007130.3
Jan 2007129.7
Dec 2006128.6
Nov 2006127.6
Oct 2006127.6
Sep 2006126.8
Aug 2006125.8
Jul 2006123.1
Jun 2006120.3
May 2006118.2
Apr 2006115.8
Mar 2006114.1
Feb 2006113.5
Jan 2006113.2
Dec 2005112.7
Nov 2005111.5
Oct 2005110.6
Sep 2005108.2
Aug 2005107.1
Jul 2005105.4
Jun 2005103.7
May 2005102.8
Apr 2005102.1
Mar 2005101.4
Feb 2005100.8
Jan 2005100.0

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
April 2007March 2013−55.1%71112

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 Ireland

Next 12 months

Sale prices have an 80% chance of landing between €452,409 and €541,904 by August 2027.

Expected, August 2027
€497,157
Chance of a rise
88%

Affordability

At the average sale price, a home costs €456,004. With 10% down and a 30-year mortgage, the payment is €1,831 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
21%
Payment, one income
42%

New homes

17.2% more homes were granted planning permission in the last 12 months than in an average year of the past decade.

Permitted, 12 months
39,354
Per 1,000 residents
7.1

People and new homes

In 2025 the population grew by 78,300 while 36,215 homes were finished: 2.2 new residents for every new home.

New residents per new home, 2025
2.2
Population change, 2025
+78,300

Empty homes

10.9% of the 2,112,121 homes counted in the 2022 census were unoccupied: vacant, or holiday homes.

Empty, 2022 census
10.9%
Empty homes
230,389

Renovation

In 2025, 63% of the planning permissions granted for homes were for extensions, alterations or conversions of existing ones.

Work on existing homes, 2025
63%

Public housing works

Public bodies signed €1.2B of housing works here in 2025, and €6.5B since 2017.

Signed in 2025
€1.2B
Per resident, 2025
€217