Dublin property price increase moderates to 4.8%
The annual rate of price increase in the Dublin residential property market has moderated for a fourth quarter in a row, according to property advisors DNG.
The DNG House Price Gauge found the annualised rate of Dublin house price inflation reduced to 4.8% during the year to the end of March.
The figure compares to a rate of increase of 5.2% for last year and an annual rate of growth of 9.6% in the year to March 2025.
Prices increased by 1.6% during the first quarter of the year alone.
DNG said the average price of a resale house in Dublin now stands at €622,709, which represents an increase of over €28,000 since the end of March 2025.
The estate agency's Apartment Price Gauge recorded an annual rate of price inflation of 4.9% during the first quarter of this year, which it said was the same annual rate in the final quarter last year.
It said the average price of a Dublin apartment increased by 1.8% during Q1, up from a rate of 0.9% in Q4 of last year.
DNG said the average price of a resale apartment in Dublin now stands at €414,389, an increase of almost €19,000 in the last twelve months.
DNG Director of Research, Paul Murgatroyd, said strong demand, particularly at the entry level to the Dublin market, combined with the very low stock of available second-hand homes for sale, "resulted in an uplift in prices during the first quarter of the year, as buyers competed for the limited supply of homes for sale".
He said DNG’s research shows that "first time buyers remain the significant cohort of buyers in the resale market and are underpinning overall demand".
The chief Executive of DNG, Keith Lowe, said the study shows that in the first quarter of the year
"84% of the sales agreed in the period were at or above the property asking price".
He said sales were agreed at "an average of 8% above asking price".
"The historically low levels of supply coming to the resale market in recent times remains a concern for the residential property market and has resulted in strong competition for available properties, meaning prices are being pushed upwards, particularly for properties in walk-in condition with good energy efficiency ratings", Mr Lowe added.
DNG also said there was "a slight reduction" in the percentage of sales of investment properties by landlords exiting the market compared to the second half of 2025.
"In Q1 this year, DNG’s vendor analysis shows that 22% of sales were landlords selling investment properties compared to 27% in the period July to December 2025."
It also noted that first-time buyers continued to underpin demand in the second-hand market in Q1, purchasing just over half (52%) of properties analysed over the three months.
"The DNG buyer analysis also shows that 70% of all purchasers relied on mortgage finance to complete their purchase in Q1 this year, whilst a further 19% used cash or non-mortgage finance for their purchases."
