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3,801 homes worth €1.6 billion bought in Jan

Residential property prices increased by 8.1% year-on-year to January 2025, CSO data shows.

This is a slight decrease compared to the 8.8% growth in December 2024.

Dublin saw a 7.5% rise in property prices.

Outside Dublin, prices were up by 8.6%. The border region (Cavan, Donegal, Leitrim, Monaghan, Sligo) had the highest increase at 12.7%, while the mid-east region (Kildare, Louth, Meath, Wicklow) saw the smallest rise at 5.8%.

The median price of a property in Ireland for the 12 months leading to January 2025 was €359,999.

The highest median price was €662,349 in Dún Laoghaire-Rathdown, while the lowest was €180,000 in Leitrim.

Increase

In January 2025, there were 3,801 dwelling purchases by households at market prices, valued at €1.6 billion. This was a 5.0% increase from the previous year.

Out of these, 2,824 were existing dwellings, and 977 were new dwellings.

First-time buyers: There were 1,504 first-time buyer purchases in January 2025.

House prices grew by 7.9%, and apartment prices increased by 6.1%. Fingal saw the highest increase in house prices at 9.5%, while Dún Laoghaire-Rathdown saw a 6.4% rise.

Outside Dublin, house prices rose by 8.9%, and apartment prices increased by 5.0%.