Dublin House Prices 2026: Market Trends and Forecast

Dublin's housing market has been defined for more than a decade by a fundamental mismatch between supply and demand. Despite government intervention, planning reforms, and large-scale apartment development in the city's docklands and surrounding areas, prices and rents remain among the highest in Western Europe.

House Prices

According to the CSO Residential Property Price Index, the median house price in Dublin was approximately €475,000 to €510,000 as of late 2025, with apartments averaging €380,000 to €430,000 in the city centre. South Dublin suburbs such as Blackrock, Dalkey, and Killiney command significant premiums, with detached family homes regularly selling above €1 million.

The Rental Market

Rental pressure zones (RPZs) were introduced to limit annual rent increases to the general rate of inflation, but with stock so constrained, rents at turnover continue to reach new highs. Daft.ie's quarterly rental report recorded average Dublin city rents of €2,100 to €2,400 for a one-bedroom apartment in Q4 2025, up approximately 4 to 6 percent year-on-year.

New Supply

Ireland completed approximately 30,000 to 33,000 new homes nationally in 2025, short of the Government's Housing for All target of 33,000 per year. A significant proportion of new supply in Dublin consists of built-to-rent (BTR) apartment schemes in areas such as Clongriffin, Cherrywood, and Dublin city's north docklands. Shared equity schemes under the First Home Scheme allow qualifying first-time buyers to receive equity support of up to 30 percent of the home value.

Investment Landscape

Institutional investment in Irish residential property has attracted political controversy in recent years. Legislation restricting bulk purchases of new housing units (10 or more in any 12-month period) was introduced to protect access for owner-occupiers and small landlords. Despite this, purpose-built rental and co-living developments continue to attract international capital from US and European fund managers.

Outlook

Most market observers expect Dublin property prices to remain elevated or continue rising modestly through 2026, with any significant correction contingent on a material increase in new supply, a sustained increase in interest rates beyond current ECB levels, or a shift in demand driven by economic conditions. The commercial property market, particularly office space in the docklands, faces ongoing adjustment due to hybrid working patterns post-pandemic.

For Australians considering property purchase in Ireland, stamp duty is 1 percent on residential property up to €1 million and 2 percent above that threshold. Non-EU buyers face no additional restrictions; legal fees typically add 1 to 1.5 percent to the total cost. A solicitor and independent valuer are essential for any purchase.

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