The latest figures show that the rate of house-price inflation has accelerated.
The price of a typical home has now shot up by €30,000 in the last year, according to the Central Statistics Office (CSO).
Property prices increased by 7pc in the year to January, up from the 6.9pc recorded in the year to last December, according to the CSO.
The median price of a home in the year to January was €389,986
News in 90 seconds – March 19
The median price of a dwelling purchased in the year to January was €389,986. This is up from €360,000 in January last year.
Property prices in Dublin rose by 6.1pc, and prices outside Dublin were up by 7.7pc compared with January 2025.
Prices are up by 15pc in the Midlands as a shortage of homes to buy and people working from home has pushed up values. This area consists of Laois, Longford, Offaly and Westmeath.
In the Border area, comprising the counties of Cavan, Donegal, Leitrim, Monaghan and Sligo, prices were up by 10.2pc in the year to January, the CSO said.
Trevor Grant, chairperson of Irish Mortgage Advisors, which represents mortgage brokers, said that in certain regions, such as the Midlands and the Border, the rate of house-price inflation is much higher than the national average.
“The extent of house-price inflation in many rural areas continues to frustrate and cause despair for many locals as they are being increasingly priced out of their home towns and villages.
“Steep house price inflation in the Midlands and the Border counties has forced many of those seeking to buy in those areas further afield.” Mr Grant said momentum was building up in the housing market again and this could drive the rate of house-price inflation up even higher in the coming months.
“Many aspiring house buyers out there will be concerned by the acceleration in the rate of house price growth as it means they are likely to continue to face significant affordability issues, particularly first-time buyers in certain areas, where demand remains high and new supply is still falling short,” he said.
Ross Lynch, senior mortgage adviser at NFP Ireland, which is a specialist wealth management firm, said a shortage of homes, combined with sustained population growth and real income gains over recent years, continues to drive property price inflation.
The CSO figures show that the highest median price for a dwelling in the 12 months to January 2026 was €680,000 in Dún Laoghaire-Rathdown. Outside of Dublin, the most expensive region over the last 12 months was Wicklow, with a median price of €455,000.
The second most expensive region was Kildare, which had a median price of €440,040.
The least expensive region over the last 12 months was Donegal, where the median price paid for a dwelling was €195,000
The most expensive Eircode area was A94 (Blackrock, Dublin) with a median price of €840,000.
The F45 Eircode, which takes in Castlerea, Co Roscommon, had the least expensive price of €153,000.
In January, 3,781 dwelling purchases by households were filed with Revenue at a total value of €1.66bn.
This was a decrease of 0.5pc when compared with the 3,801 purchases in January last year.