Irish housing transactions now settled €30,000 over asking

Yesterday, we published the latest Bank of Ireland, MyHome report on the Irish housing market. Asking price inflation slowed to 5.7% in Q3 2025. This is a welcome sign house price rises are moderating, closer to the current pace of pay growth (5.3%). So the recent deterioration in affordability is easing. Nonetheless, the market remains very difficult for homebuyers. At end-September there were just 13,000 units listed for sale on MyHome. The typical property takes just one month to go sale agreed. Such is the competition for homes the median transaction in September was settled 8%, or €30,000, above the original asking price (see chart below).

Meanwhile, transaction volumes have staged only a partial 1.3% bounce-back in 2025 after a 3% contraction in 2024. While, demand from first-time-buyers clearly remains strong, existing homeowners in Ireland are very reluctant to sell their own home, for fear of failing to purchase another. On a brighter note, housing completions were 32,700 in the twelve months to June, the strongest figure since the Celtic Tiger era. Looking ahead, an encouraging sign is that the Q1 2025 4Dublin Housing Supply figures show 22,700 units were under construction in the capital, up 27% on the year.

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Bank of Ireland Economics Weekly October 10th 2025