House price inflation is 'softening'
Ireland's housing market is showing signs of settling into a steadier phase in late 2025, according to the latest MyHome property report in association with Bank of Ireland.
National asking price inflation was at 5.4% in the final three months of last year, with prices largely unchanged on the previous quarter.
Bidding pressure has also moderated, the data from the property portal shows, with a typical home being sold for 7.4% above asking, down from a summer peak of 8.6%.
This stabilisation follows a period during which the CSO's Residential Property Price Index recorded 7.6% annual transaction price inflation in September, suggesting the slowdown in asking prices is set to filter through to sale prices in 2026.
The median asking price for new homes nationally was €380,000 in the fourth quarter of 2025. In Dublin it was €475,000 and in the rest of the country it was €325,000.
Just 12,200 properties listed for sale on MyHome in December, reflecting ongoing scarcity of available stock.
"The pace of Irish house price inflation is starting to soften", the chief economist at Bank of Ireland and the author of the report Conall MacCoille said. "The market is still very tight."
"However, the froth in the market is subsiding a little," Mr MacCoille added.
Residential completions expanded with 34,000 completions now projected by the end of the year, which is on track to be the most since the Celtic Tiger period, the report said, but still below the 50-60,000 units analysts believe necessary to meet demand.
The managing director of MyHome Joanne Geary called the "continued momentum in residential construction encouraging" and "essential in improving choice for buyers over the medium term."
"Ensuring that supply grows steadily will be key to supporting a more balanced market in the coming years," Ms Geary added.
