House prices in Dublin surged by 9.6% in 2024, with national property prices expected to rise by as much as 8% in 2025.
According to the latest residential market review by property advisors DNG, the strongest regional growth last year was in the Mid-West, where prices rose by 8.7%, followed by the West, South East, and Midlands.
DNG’s Head of Research & Business Development, Paul Murgatroyd, attributed the increases to a strong economy and anticipated reductions in interest rates, which are expected to fuel further price growth.
In 2023, 32,548 new homes were built across Ireland, but Murgatroyd warned that significantly more will be needed to curb rising prices.
Fine Gael has pledged to deliver 303,000 new homes over the next Dáil term to address the ongoing housing crisis.
The escalating property prices, coupled with a shortage of affordable housing, are contributing factors to the rising homelessness figures.
Before the General Election vote, the latest homeless figures saw close to 15,000 people nationally without a roof over their heads and living in emergency or other accommodation.
