House price inflation set to slow towards 4% by end-2026

We are now close to the midway point between our last MyHome report published in  early October, and our next report due in early 2027. Taking stock of the very latest Irish housing market data corroborates the message we had given a month ago. That house price inflation would slow, from 5.1% in August, towards our forecast for 4% by December. First, transactions were being settled 6% above asking in October, vs 8% during the summer, tentative evidence of softer pricing conditions. Second, the average mortgage approval was €339,000 in October, up only 3.2% on the year.

The very latest data on residential transactional activity paint an encouraging picture. After several years of decline, due to homeowners being wary of moving for fear of failing to secure a property, existing homes sales rebounded by 11% in July/August. This trend looks set to continue into 2027. New listings for sale on MyHome were up 5% yoy in Q3 to 11,900 and so far in October/November by 16% to 4,860. That said,  liquidity in the existing homes market still remains weak by historical standards and well below UK levels, despite the recent welcome rebound.

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Bank of Ireland Economics Weekly November 13th 2026