Dublin’s property market is heating up, with a new survey revealing that the average price of a resale home in the capital has climbed to €593,936 in the first quarter of 2025. That’s a significant €50,000 increase since the end of March 2024, signaling a robust upward trend for homeowners and a challenge for buyers.
Estate agents DNG, in their latest residential market review, report a 1.9% rise in Dublin resale property prices between January and March 2025. The driving force? High demand paired with a critically low supply of available homes. This imbalance has pushed prices steadily higher, making the Dublin housing market a hot topic for 2025.
Breaking it down further, annual price inflation hit 10.9% in south Dublin, 8.6% in north Dublin, and 7.8% in west Dublin through March 2025. It’s clear: Dublin’s resale market is on a roll, with no signs of slowing down.
DNG CEO Keith Lowe adds that bidding wars are now the norm. “We’re seeing multiple offers on nearly every property,” he says. “Sales in Q1 averaged 6.5% above asking price, with 87% closing at or above the listed value.” Lowe highlights the ongoing supply shortage as a major concern, driving up prices—especially for energy-efficient, move-in-ready homes.
Estate agents DNG, in their latest residential market review, report a 1.9% rise in Dublin resale property prices between January and March 2025. The driving force? High demand paired with a critically low supply of available homes. This imbalance has pushed prices steadily higher, making the Dublin housing market a hot topic for 2025.
House Price Trends Across Dublin
According to DNG’s House Price Gauge (HPG), the annual rate of house price inflation in Dublin held firm at 9.6% for the 12 months ending March 2025—the same as the full-year figure for 2024. This marks the strongest annual growth in over three years. West Dublin led the charge with a 2.8% increase in Q1, outpacing the southside’s 1.9% and the northside’s 1.4% gains. Prices in west Dublin are now just 1.3% shy of their 2006 peak, a remarkable 160% recovery from the market’s low point in 2012.Breaking it down further, annual price inflation hit 10.9% in south Dublin, 8.6% in north Dublin, and 7.8% in west Dublin through March 2025. It’s clear: Dublin’s resale market is on a roll, with no signs of slowing down.
First-Time Buyers and Financing Insights
First-time buyers remain a key force in the second-hand market, snapping up 49% of resale properties in Q1 2025. That’s down slightly from 54% a year ago, but still a hefty share. DNG’s buyer analysis also shows 65% of purchasers relied on mortgages, while 24% opted for cash or non-mortgage financing—a nod to the diverse pool of buyers navigating this competitive landscape.Apartments Join the Surge
It’s not just houses feeling the heat. DNG’s Apartment Price Gauge (APG) recorded a 1.9% uptick in Dublin apartment prices over the first quarter, bringing the average resale apartment to €395,436. That’s a 7.7% increase year-over-year—more than double the 3% growth seen in the 12 months to March 2024.What’s Behind the Boom?
Paul Murgatroyd, DNG’s Director of Research, points to fierce demand—especially among entry-level buyers—coupled with a dwindling stock of second-hand homes. “The strongest growth in Q1 came from west Dublin and starter homes,” he explains. “While rising prices make it tougher for first-timers, recent interest rate cuts and a more competitive mortgage market have eased some of the pressure.”DNG CEO Keith Lowe adds that bidding wars are now the norm. “We’re seeing multiple offers on nearly every property,” he says. “Sales in Q1 averaged 6.5% above asking price, with 87% closing at or above the listed value.” Lowe highlights the ongoing supply shortage as a major concern, driving up prices—especially for energy-efficient, move-in-ready homes.
