The Irish property market continues its upward trajectory, with house prices increasing by 7.5% nationally in the 12 months leading up to April 2025. Dublin saw a 6.2% rise, while areas outside Dublin experienced an 8.6% increase.

For prospective buyers, this means:

• Higher Purchase Costs: Expect to pay more for properties compared to last year.

• Increased Competition: Limited supply and high demand can lead to bidding wars.

• Mortgage Considerations: Rising property prices may affect loan-to-value ratios and monthly repayments.

Advice: If you’re planning to buy, consider acting sooner rather than later to avoid further price increases. Secure pre-approval for a mortgage to strengthen your position in a competitive market.