Manya Rathore
Research expert covering India
Real estate market in Ireland - statistics & facts
The Irish real estate market has been on an upward trend for more than a decade – a result of the country’s stable economy and favorable business environment. In 2023, Ireland was among the top ranking countries in the Index of Economic Freedom, a position confirmed by its flourishing business ecosystem including multinational giants such as Google, Meta, and Microsoft. Ireland’s rise as an economic powerhouse has had its effect on the residential and commercial property markets. A decade of strong growth has also led to house prices nearly doubling. However, the growth of house prices has recently started to slow and when accounting for inflation, the second quarter of 2023 saw the market contract. While homeownership is common in Ireland and the predominant share of households owns the home they live in, renting is also a popular option.
