Current Irish Real Estate Market Trends

Published on October 4, 2025 and written by Cyril Jarnias

Ireland is currently experiencing an exciting period in real estate, with a booming market attracting increasing numbers of local and international investors. Between sustained economic growth, housing shortages, and evolving lifestyles, the Irish property landscape offers numerous opportunities for those who know how to seize them. Let’s dive into the trends shaping this rapidly changing market.

Dublin and Beyond: The Most Sought-After Areas

The Irish real estate market extends far beyond its capital. While Dublin remains the undeniable hub of property activity, other regions of the country are increasingly attracting the attention of investors and buyers.

Dublin, Still on Top

The Irish capital continues to dominate the national real estate market. With its high concentration of international companies, particularly in the tech and finance sectors, Dublin attracts a young and dynamic population seeking housing. Central neighborhoods like Temple Bar, Ballsbridge, or Ranelagh remain highly sought after, but demand is increasingly spreading to the suburbs, where prices are more affordable.

The Rise of Regional Cities

Faced with soaring prices in the capital, many Irish people and investors are turning to regional cities. Cork, the country’s second city, is experiencing significant property growth, driven by its economic dynamism and quality of life. Galway, on the west coast, is also increasingly appealing, particularly due to its cultural atmosphere and exceptional natural setting. Limerick and Waterford are also markets to watch closely, offering a good balance between investment opportunities and quality of life.

The Growing Appeal of Rural Areas

The pandemic accelerated an existing trend: the appeal of rural areas. More and more Irish people, particularly families, are looking to settle in less densely populated regions, seeking space and a better living environment. Counties like Wicklow, Wexford, or Kerry are seeing their real estate markets become more dynamic, with growing demand for single-family homes with gardens.

Consistently Rising Prices: A Lasting Trend?

The Irish real estate market has been characterized for several years by continuously rising prices, both for purchase and rental. This trend, while offering interesting opportunities for investors, also poses challenges in terms of housing affordability.

Sustained Growth in Purchase Prices

According to the latest data from the Central Statistics Office (CSO), residential property prices in Ireland increased by 7.8% year-on-year as of the end of 2024. This rise is particularly marked in Dublin (+8.3%) and in other major cities in the country (+9.1%). Single-family homes saw the highest increase (+8.5%), closely followed by apartments (+7.2%).

The Rental Market Under Pressure

The rental sector is no exception, with rents reaching record levels in many regions of the country. In Dublin, the average monthly rent now exceeds €2,000, while in other major cities, it ranges between €1,200 and €1,500. This situation is largely explained by a persistent imbalance between the supply and demand for rental housing.

Factors Behind This Increase

Several elements contribute to this property inflation:

• A chronic housing shortage, particularly in large cities
• Sustained economic growth and Ireland’s attractiveness to international companies
• Historically low interest rates, which favor real estate borrowing
• An influx of foreign investors into the Irish market

Promising Segments: Where to Invest in Ireland?

Faced with this dynamic but complex market, which segments are the most promising for investors? Here are some avenues to explore:

Residential Real Estate: A Safe Bet

Despite high prices, residential real estate remains a solid investment in Ireland. Rental demand remains strong, particularly in large cities, ensuring attractive returns. Small and medium-sized apartments are particularly sought after, especially by young professionals and students.

The Potential of Student Housing

With its many renowned universities, Ireland attracts thousands of international students each year. The student housing segment thus offers excellent opportunities, particularly in Dublin, Cork, and Galway. Modern student residences offering services and common spaces are especially popular.

Office Real Estate in Full Transformation

While the pandemic disrupted the office market, it remains dynamic in Ireland. The trend is toward flexible spaces and next-generation offices, adapted to new ways of working. Business areas on the outskirts of large cities are experiencing renewed interest, offering attractive opportunities for investors.

The Hospitality and Tourism Sector

Despite the impact of the health crisis, Irish tourism is expected to regain its dynamism in the medium term. Investments in hotels, seasonal rentals, or unique accommodations (tiny houses, treehouses, etc.) can prove wise, particularly in coastal regions or rural areas popular with tourists.

Challenges and Opportunities of the Irish Market

While the Irish real estate market offers excellent prospects, it is not without challenges. Here are some points to keep in mind:

Evolving Regulations

The Irish government has introduced several measures in recent years aimed at regulating the real estate market. Among them are the strengthening of tenant rights, rent controls in certain areas, and restrictions on short-term rentals. It is crucial for investors to stay informed about these regulatory developments.

The Sustainability Question

Ireland has committed to significantly reducing its greenhouse gas emissions by 2030. The real estate sector is directly concerned, with increasingly demanding construction and renovation standards regarding energy efficiency. Environmentally friendly properties are increasingly sought after and could constitute a competitive advantage in the future.

The Impact of Brexit

While Brexit may have raised concerns, it ultimately seems to have had a positive impact on the Irish real estate market. Many companies have chosen to establish or expand in Ireland to maintain access to the European market, thus stimulating demand for offices and housing.

The Digitalization of the Sector

As in many countries, the Irish real estate sector is undergoing accelerated digital transformation. Virtual tours, electronic signatures, and online property management tools are becoming standard, offering new opportunities but also requiring adaptation from market players.

In conclusion, the Irish real estate market offers numerous opportunities for savvy investors. Between sustained demand, rising prices, and promising segments like residential or next-generation offices, Ireland presents attractive potential. However, it is crucial to understand local specifics, stay attentive to regulatory developments, and adapt to new market trends to succeed in your investment on the Emerald Isle.