6.2% House Price Growth Holds Steady as Median Home Price Reaches €395,000
Dublin price inflation eases to 4.7% while prices outside the capital rise 7.3%; first-time buyer purchases increase 17.4%
17 July 2026 | 📧 editor@ipropertyradio.com
Residential property price inflation remained unchanged in May, with the national Residential Property Price Index (RPPI) recording annual growth of 6.2%, while the median price paid for a home increased to €395,000, according to the latest Central Statistics Office (CSO) figures.
The data indicates that while house price growth remains resilient, the pace of inflation has stabilised. The annual increase of 6.2% recorded in both April and May represents the lowest annual rate of house price inflation since February 2024.
The market continues to display a widening regional divide. Residential property prices in Dublin increased by 4.7% over the year to May, down from 5.5% in April, while prices outside the capital accelerated to 7.3%, up from 6.8% the previous month.
House prices in Dublin rose by 4.3%, with apartment prices increasing by 6.1%. Dún Laoghaire-Rathdown recorded the strongest house price growth within the capital at 5.0%, while South Dublin recorded the lowest increase at 3.5%.
Outside Dublin, house prices rose by 7.1% and apartment prices increased by 9.7%. The Midlands region, comprising Laois, Longford, Offaly and Westmeath, recorded the strongest annual house price growth nationally at 13.2%, followed by the Border region at 11.8%. The South-West, including Cork and Kerry, recorded the lowest regional increase at 4.2%.
The median price paid for a residential property over the 12 months to May reached €395,000. Dublin remained the most expensive region, with a median dwelling price of €500,000.
Within Dublin, Dún Laoghaire-Rathdown recorded the highest median price at €689,325. Outside the capital, Wicklow remained the most expensive county with a median price of €470,000, followed by Kildare at €447,876. Longford remained the least expensive county nationally, with a median property price of €198,000.
At Eircode level, A94 Blackrock remained Ireland’s most expensive residential market, with a median price of €850,000. By contrast, F45 Castlerea in County Roscommon recorded the lowest median price nationally at €155,000.
Transaction activity also edged higher during the month. Revenue data showed that 3,861 residential property purchases by households were filed during May, representing a 1.0% increase compared with the same month in 2025. The total value of those transactions reached €1.71 billion, up 5.5% year-on-year.
Existing homes continued to dominate the market, accounting for 2,781 purchases, or 72% of all transactions. However, new homes continued to gain market share, with 1,080 purchases recorded during May, representing an 18.6% increase on the same month last year. The value of new dwelling transactions increased by 16.7% to €518 million.
The latest figures also point to continued strength among first-time buyers. Revenue recorded 1,630 first-time buyer purchases during May, an increase of 17.4% compared with May 2025. Of these, 689 involved newly built homes while 941 related to existing properties.
Looking at the broader market over the past year, first-time buyers accounted for 20,542 purchases, representing 40.1% of all household transactions. Former owner-occupiers remained the largest purchasing group at 50.2%, while non-owner occupiers represented 9.7% of purchases.
The CSO noted that the Residential Property Price Index is based on Revenue stamp duty returns and that the most recent three months of data remain provisional and may be revised as additional transactions are filed.
