Ireland’s residential property market continued its upward trajectory in September, with national prices rising by 7.6% in the year to September 2025, according to new figures from the Central Statistics Office (CSO).
The latest Residential Property Price Index (RPPI) shows a slight acceleration from the 7.5% annual growth recorded in August.
The data highlights a widening gap between the capital and the rest of the country.
Property prices in Dublin increased by 5.3% over the year, while prices outside Dublin surged by 9.4%, reflecting stronger demand and tighter supply conditions in regional markets.
The median price of a home purchased in the 12 months to September stood at €380,000.
Dún Laoghaire-Rathdown remained the country’s most expensive market, with a median price of €675,000, while Donegal recorded the lowest at €190,000.
Transaction activity remained robust.
A total of 4,582 household dwelling purchases were filed with Revenue in September, with a combined value of €2bn.
Of these, 3,574 were existing homes and 1,008 were newly built properties.
First-time buyers (FTBs) continued to play a dominant role in the market, accounting for 1,784 purchases, nearly 40% of all transactions that month.
The CSO’s findings echo trends identified in Daft.ie’s Q3 housing report, which pointed to record “market heat” as properties sold for an average of 7% above asking prices.
Daft also reported list price inflation of 5.9% and persistently low stock levels compared with pre-pandemic norms, underscoring the supply constraints facing buyers nationwide.
Helen O’Keeffe, Director at Auctioneera Estate Agency, said: “The September figures show that demand remains incredibly strong, particularly among first-time buyers who continue to make up a huge proportion of the market.
“But this demand is being met with extremely tight supply, pushing competition to new highs.
A total of 4,582 household dwelling purchases were filed with Revenue in September, with a combined value of €2bn.
“Across the country we’re seeing buyers stretch further and make quicker decisions just to secure a home.
“The challenge now is ensuring that supply can keep pace with this level of buyer activity, especially as we move into the winter months.”
With indicators pointing to sustained demand and limited availability, market pressures are expected to remain elevated as the year draws to a close.