According to the Central Statistics Office (CSO), home prices in Ireland surged by €200,000 over the last decade, with median prices reaching €362,500 in March 2025. This significant rise represents a 122% increase from €164,000 in March 2015. While there is a slowing rate of housing inflation, prices rose for the 19th consecutive month. Independent economist Austin Hughes highlights that despite rising earnings, housing affordability is increasingly strained, with house price increases outpacing wage growth dramatically.
"Affordability strains take time to bite, but the €100,000 increase in house prices over the past five years is about 10 times the increase in average earnings."
"Property prices continue to rise, although there has been a slight slowdown in the rate of housing inflation, with prices up for the 19th month in a row."
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