Property prices surge another 7.6pc, putting huge pressure on buyers
Prices jumped by 7.6pc in the year to September, according to the Central Statistics Office (CSO).This is up from the 7.5pc rise recorded in the year to August.Dublin saw prices rise by 5.3pc, but they were up by 9.4pc outside the capital in the year to September.The largest growth in house prices was the Midlands, which consists of Laois, Longford, Offaly, and Westmeath, at 13.3pc.At the other end of the scale, the Border, which consists of Cavan, Donegal, Leitrim, Monaghan, and Sligo, saw a rise of 5.8pc.The median, or typical, price of a home bought in September was €380,000.This is €34,000 more than the median price paid in September 2024, the CSO figures show.The highest median price for a dwelling in September was €675,000 in Dún Laoghaire-Rathdown, while the lowest median price was €190,000 in Donegal.Outside of Dublin, the most expensive region over the last 12 months was Wicklow, with a median price of €450,000.The second most expensive region was Kildare, which had a median price of €435,000.The least expensive region over the last 12 months was Donegal, where the median price paid for a dwelling was €190,000.In September, 4,582 dwelling purchases by households were filed with the Revenue Commissioners at a total value of €2bn.These purchases were made up of 3,574 existing dwellings and 1,008 new dwellings.Revenue data shows there were 1,784 first-time buyer purchases in September 2025.Prices for second-hand homes are rising faster than those for new builds, due to a chronic shortage of existing properties to buy.In the three months to September new homes rose in price by 5.5pc.But in the same period the price of second-hand homes was up by 8.1pc, the CSO property price register shows.The Eircode area with the most expensive houses is Blackrock, in Co Dublin.Median, or typical, prices for Blackrock have hit €808,000, the CSO said.The Eircode area with the least expensive median price within Dublin was D10 (Dublin 10), where the median price was €320,000.Property prices are now 23pc above their highest level at the peak of the property boom in April 2007.Dublin residential property prices are 8.2pc higher than their February 2007 peak.Prices in the Rest of Ireland are 25.6pc higher than their May 2007 peak.Property prices nationally have increased by 174.2pc from their trough in early 2013.Mortgage underwriter with lender Nua Money, Rory Doyle said huse price inflation continues to pick up in Ireland, which means many people will continue to struggle to buy a home. “However, with the final months of the year often a quiet time for house sales, we could see house price growth ease off in the run-up to Christmas – which would offer some reprieve for the many prospective buyers out there.”He said that an acceleration of housing delivery is required to stem the rate of house price growth in this country.Last week the Government published its long-awaited latest housing plan, aimed at tackling the housing crisis.Overall the Government has pledged the delivery of more than 300,000 new homes by the end of 2030.
