![\"SALE](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/11\/1_GettyImages-1233896006.jpg\")
Buying a house in Ireland is becoming increasingly difficult as the housing crisis presses on (Image: Artur Widak\/NurPhoto)<\/p>\nProperty prices in Ireland have soared to 23% above their highest level at the peak of the boom in 2007, before the economic crisis caused the housing market to collapseBuying a house in Ireland is becoming increasingly difficult as the housing crisis presses on (Image: Artur Widak\/NurPhoto)<\/p>\n
Property prices in Ireland rose by 7.6% in the past 12 months, according to new figures.<\/p>\n
The latest statistics from the Central Statistics Office<\/a> show that Ireland\u2019s property prices have risen to heights not seen since the 2007 boom, which was followed by a devastating economic recession. <\/a>Property prices increased by 5.3% in Dublin<\/a> over the past year, and 9.4% outside Ireland\u2019s capital city.<\/p>\n The national increase is marginally higher than the rise in the 12 months leading up to August, which was 7.5%.<\/p>\n The median price of a home<\/a> has now reached \u20ac380,000 ($438,501). According to the CSO, the highest median price paid for a house was \u20ac675,000 ($778,916) in D\u00fan Laoghaire-Rathdown, and the lowest was \u20ac190,000 ($219,250) in Donegal.<\/p>\n READ MORE: Donald Trump looks ‘so defeated’ and knows ‘end is near’, telling signs suggest<\/a>READ MORE: Jon Stewart issues disastrous blow to Donald Trump as he rips into him over Epstein emails<\/a><\/p>\n The new figures are 23% above its highest level at the peak of the boom in 2007. Dublin residential property<\/a> prices are 8.2% higher than the peak in 2007, while prices outside the capital are 25.6% higher.<\/p>\n The largest growth in housing prices was in Ireland\u2019s Midlands<\/a>, where costs in counties such as Longford, Laois, Offaly, and Westmeath rose 13.3%.<\/p>\n At the other end of the scale, counties such as Cavan, Donegal, Leitrim, Monaghan, and Sligo experienced the smallest rise, which was still 5.8%.<\/p>\n Housing prices across the island of Ireland as a whole have increased by 174.2% since the 2013 financial collapse in the Irish property market.<\/p>\n During the Celtic Tiger era, which took place in the early 2000s, Irish housing prices rose dramatically, increasing by over 300% on average between 1996 and 2006.<\/p>\n The 2008 financial crisis triggered the collapse of the housing market as the banks’ ability to lend was severely restricted. The cost of houses fell as dramatically as they once rose, some prices falling by more than half.<\/p>\n Irish Revenue data showed there were 1,784 first-time buyer purchases in September 2025. According to the data, prices for second-hand homes are now rising faster than those for new builds, due to a chronic shortage of properties to buy.<\/p>\n The crisis has been exacerbated by a recent surge in new residents, including immigrants and Irish people, to enjoy Ireland’s improved economy. Earlier this year, the CSO reported that the number of Americans moving to Ireland had nearly doubled in the past year.<\/p>\n In the 12 months leading up to April 2025, 9,600 people moved to the Republic of Ireland<\/a> from the U.S., up from 4,900 last year.<\/p>\n![\"Houses](\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2025\/11\/1_GettyImages-106898186.jpg\")
New-build properties were left vacant during the recession due to a combination of overbuilding and the public’s inability to afford homes(Image: Getty)<\/p>\n