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House prices in Ireland have been on an upward trend since 2013, with a brief period of decline in 2020 and 2023. In the fourth quarter of 2024, nominal prices rose by **** percent year-on-year. When adjusted for inflation, the increase was slightly slower, by **** percent.

How expensive are homes in Ireland?

The average list price of residential property in Ireland varied significantly between different counties. In the second quarter of 2024, Wicklow and Dublin were among the most expensive regions in the country, exceeding the national average of around ** euros. Leitrim and Longford, on the other hand, offered the most affordable housing options, averaging below ** euros.

Has income kept up with the development of house prices?

The house price-to-income ratio measures the development of housing affordability and is calculated by dividing the nominal house price by the nominal disposable income per head. Between 2015 and 2024, the house price-to-income ratio in Ireland grew by about ** index points, which means that house values increased in relation to earnings. This makes homeownership in Ireland more challenging due to the decreasing affordability of dwellings.