Irish house price inflation rises to 7% in January
This morning’s Residential Property Price Index (RPPI) indicates house price inflation saw a surprise acceleration to 7% in January. However, we still believe momentum will slow towards our forecast for a 4% rise through 2026. MyHome asking price inflation fell to 5.4% in Q4 2025. Also, the average first-time-buyer mortgage approval was €320,000 in January, up just 1.9% on the year. Competition for homes, whilst intense, seems to be dissipating a little. The median transaction in February was settled 6.5% above the asking price, vs 8.5% last summer.
The latest data also show a welcome 3% pick-up in residential transaction volumes in early 2026 – a gradual improvement in liquidity. The total number of properties listed for sale on MyHome is now 11,571, up 7% yoy, but still at subdued levels. Still, many would-be vendors are being put off moving home for fear of failing to secure a property once they sell their own. New listings for sale on MyHome in the 6-weeks to March 3rd were up only 2% on the year. So there is not yet any clear evidence the exit of investors from the private rented sector (due to new regulations) is significantly raising the aggregate number of properties being put up for sale.
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