{"id":223166,"date":"2026-01-02T09:13:09","date_gmt":"2026-01-02T09:13:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/223166\/"},"modified":"2026-01-02T09:13:09","modified_gmt":"2026-01-02T09:13:09","slug":"daft-report-reveals-steepest-house-price-rises-and-supply-gaps-around-ireland","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/223166\/","title":{"rendered":"Daft report reveals steepest house price rises and supply gaps around Ireland"},"content":{"rendered":"

More second-hand homes available to buy in Dublin than other areas, new report shows\n<\/p>\n

House prices have risen in Dublin by 28pc since the beginning of the decade, according to the 2025 Q4 \u2013 The Year in Review Daft.ie Sales Report.<\/p>\n

Dublin was far from the region with the greatest price increases, though, as Connacht (excluding Galway city) and Ulster have seen prices rise by 67pc since early 2020.<\/p>\n

There were approximately half the number of properties available for sale in December 2025 when compared with the average for 2015 to 2019, the report found.<\/p>\n

While prices are still increasing, economist and report author Ronan Lyons said the pace of increases may be slowing, from 8.7pc in 2024 to 7.4pc last year.<\/p>\n

\u201cNonetheless, despite the modest decline in the speed of increases, the market remains very tight,\u201d Mr Lyons said.<\/p>\n

\u201cAs our market heat measure shows, the gap between the initial list price and the ultimate transaction price is close to a record high, at over 6pc.<\/p>\n

\u201cThe volume of second-hand homes put up for sale over the course of the year was just over 53,000: this is down compared to a peak in early 2023 of 63,000, before the interest rate shock kicked in. And it\u2019s also down about 10pc compared to the pre-Covid level.<\/p>\n

\"Report<\/p>\n

Report author Ronan Lyons<\/p>\n

\u201cA fall-off in supply of about 10pc is one thing. But trends in availability on the market, which reflects both supply and demand, are worse.<\/p>\n

\u201cThere were only 11,500 second-hand homes available to buy on December 1. While that\u2019s up 7pc year-on-year, it is less than half the pre-Covid average of over 26,000. And Dublin partially offsets this, as its supply picture is rosier than elsewhere.\u201d<\/p>\n

And shortages in availability are much more acute outside Dublin.<\/p>\n

Listed prices are now, on average, 41pc above pre-Covid levels and just 10pc below the Celtic Tiger peak.<\/p>\n

The report highlights that in Dublin the average list price before sale for a three-bed semi in Q4 2025 was \u20ac611,000, 3.1pc higher than a year before.<\/p>\n

Mr Lyons added: \u201cThe gap between the initial list price and the ultimate transaction price is close to a record high, at over 6pc.\u201d<\/p>\n

While there had been a \u201cslight slowdown in inflation,\u201d list prices rose by 5.5pc in 2025, compared with 6.8pc in 2024, he said.<\/p>\n

The report noted it\u2019s \u201cconsistently been the case for over a decade,\u201d that prices rises \u201cstem from a lack of supply\u201d. \u201cThe typical gap between the initial listed price and the ultimate transaction price has grown sharply since 2003 and in late 2025, was 6.6pc nationally,\u201d it added.<\/p>\n

\"The<\/p>\n

The average house transaction price increased by 7.4pc during 2025, as lack of supply fuelled hikes. Photo: Getty<\/p>\n

Today’s News in 90 Seconds , Friday Januaray 2, 2026. <\/p>\n

Nationally, the average price of a three-bed semi-detached house in the final quarter of the year was just over \u20ac423,000.<\/p>\n

The report underscored Dublin had smaller percentage price rises in 2025 compared with other regions, due to an increase in supply there.<\/p>\n

In Connacht-Ulster (excluding Galway), list prices for a three-bed semi rose by, on average, 11.6pc during the same period when compared with a year before. The average list price here was \u20ac246,000.<\/p>\n

Leinster (excluding Dublin) recorded list prices of \u20ac363,000 for three-bed semis, with \u201cfor sale\u201d prices on average 7.3pc higher than a year ago. Munster (excluding cities) recorded prices of \u20ac300,000 for the same type of properties.<\/p>\n

List prices on average were 5.7pc higher than a year ago. In other cities the list prices were \u20ac390,000, on average 4.5pc higher than a year before.<\/p>\n

The country requires, realistically, over 60,000 homes a year every year for decades<\/p>\n

Mr Lyons said the \u201cprice dynamics\u201d are a \u201creflection of the interaction between underlying demand and supply\u201d.<\/p>\n

\u201cMuch commentary, including much of mine, focuses on the supply of newly-built homes. And this is, of course, important,\u201d he said.<\/p>\n

\u201cThe country requires, realistically, over 60,000 homes a year every year for decades to address the housing deficit built up over the last generation and to meet new housing requirements. But the second-hand market is still the dominant source of supply for homes to purchase.\u201d<\/p>\n

Mr Lyons said report data showed \u201cvery different dynamics between Dublin and the rest of the country over the last 10 years\u201d. He added: \u201cDublin saw a bigger increase in second-hand supply between 2017 and 2019 than elsewhere, where the gains were more incremental.<\/p>\n

Covid lockdowns had a \u201cbig impact\u201d and \u201crecovery in 2022 was uneven,\u201d with supply in Munster still 20pc below pre-Covid.<\/p>\n

\u201cIn Dublin, second-hand supply is almost back to 2019 levels, while in Munster, it is still one-third below,\u201d Mr Lyons said.<\/p>\n

\u201cWithout supply, healthier conditions, more stable prices, will still be out of reach.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"More second-hand homes available to buy in Dublin than other areas, new report shows House prices have risen…\n","protected":false},"author":2,"featured_media":223167,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,807,3662,61,60,11652,8649],"class_list":["post-223166","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-housing","tag-housing-crisis","tag-ie","tag-ireland","tag-laura-lynott","tag-property-mortgages"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/223166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=223166"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/223166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/223167"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=223166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=223166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=223166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}