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As of March 2025, the Irish property market continues to evolve, influenced by a combination of economic growth, demographic shifts, and persistent supply constraints. Here’s an overview of the current trends and projections shaping the market this year.

Economic Context

Ireland’s economy is on a rebound, with a projected growth rate of 4.0% in 2025, following a contraction in previous years. This resurgence is supported by a robust labor market, low inflation, and favorable external conditions. 

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 Unemployment remains low, and real wage growth is contributing to increased consumer confidence, factors that traditionally bolster the property market.

Property Price Trends

In 2024, the Irish housing market experienced significant price increases, with some regions witnessing double-digit growth. For instance, counties like Leitrim and Longford saw notable hikes, driven by high demand and limited supply. 

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 The average home price nationwide reached just over €330,000.

Looking ahead, forecasts for 2025 suggest a continuation of this upward trend, albeit at a moderated pace. DNG’s residential market review anticipates house prices could rise by as much as 8% in 2025, following strong growth in the previous year. 

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 Similarly, property experts predict average price growth in the region of 5% for the residential market in 2025. 

irishtimes.com These projections indicate sustained, though more tempered, appreciation in property values.

Supply and Demand Dynamics

A critical factor influencing the property market is the persistent imbalance between supply and demand. Despite increased construction activity, the availability of new and second-hand homes remains insufficient to meet the growing demand. This shortfall is exacerbated by population growth, high employment rates, and the continued prevalence of remote work, which has expanded housing demand beyond urban centers. 

thetimes.co.uk

The western regions of Ireland, in particular, have experienced dramatic price surges due to historically low supply and a lack of new home construction. Counties such as Clare, Donegal, Galway, Limerick, Mayo, Roscommon, and Sligo have seen annual price increases averaging 16%, double the rate of commuter counties at 7.5%. 

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Government Initiatives and Policy Implications

To address the housing crisis, various policy recommendations have been proposed. These include default planning permissions for compliant applications and reclaiming areas like Dublin Bay to increase the city’s footprint and population capacity. Additionally, tax incentives for larger families and reallocating resources to young families have been suggested to alleviate housing pressures. Improving construction productivity through medium-rise and modular-build dwellings is also under consideration. 

thetimes.co.uk

Interest Rates and Mortgage Market

The interest rate environment remains a crucial determinant of housing affordability and buyer behavior. While higher borrowing costs may deter some prospective buyers or reduce their purchasing power, the strong economic fundamentals are expected to sustain demand. First-time buyer activity is anticipated to be front-loaded in 2025, as these buyers rush to beat the end of stamp duty concessions in March. 

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Conclusion

In summary, the Irish property market in 2025 is characterized by sustained demand, moderated price growth, and ongoing supply challenges. Economic resilience and demographic trends continue to drive the market, while policy interventions and interest rate fluctuations will play pivotal roles in shaping its trajectory. Stakeholders should remain attentive to these dynamics to navigate the evolving landscape effectively.

Recent Developments in the Irish Property Market

thetimes.co.uk

Irish house values 2025: slower growth expected, but supply woes persist

49 days ago

thesun.ieHome prices in 7 counties soar by €10k in year as buyers battle over lowest supply on record as housing crisis continues68 days agothetimes.co.ukReclaim Dublin Bay and allow smaller dwellings to fix housing crisis7 days ago

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Ireland’s motoring landscape reflects a blend of practicality, innovation, and style. The country’s evolving preferences for eco-friendly solutions, modern technology, and reliability have greatly influenced the motor vehicle market. Here are the three most popular motor vehicle brands in Ireland, showcasing what makes them stand out and why they hold such appeal among Irish drivers.

1. Toyota

Toyota has long been a favorite among Irish motorists due to its reputation for reliability, fuel efficiency, and innovative hybrid technology. As the global pioneer in hybrid vehicles, Toyota’s eco-conscious models like the Toyota Corolla and Toyota Yaris resonate strongly with Ireland’s increasing emphasis on sustainability. The affordability of ownership—thanks to low maintenance costs and excellent resale value—is another reason why this brand consistently ranks high in Irish car sales.

Toyota’s commitment to electrification aligns with Ireland’s strategy for reducing carbon emissions and promoting green transport. The continued introduction of advanced hybrid and electric models ensures Toyota remains relevant and popular.

2. Volkswagen

Synonymous with quality engineering and versatile design, Volkswagen (VW) is another major player in Ireland’s motor vehicle market. The iconic Volkswagen Golf has been a staple on Irish roads for decades, appreciated for its blend of performance, reliability, and timeless appeal. The larger Volkswagen Tiguan has also gained a strong following among families seeking spaciousness and functionality in a stylish package.

Volkswagen’s move into the electric vehicle (EV) sector with the ID. series, such as the ID.3 and ID.4, has garnered attention from environmentally-conscious drivers in Ireland. VW’s combination of traditional automotive craftsmanship with cutting-edge EV solutions cements its position as a market leader.

3. Hyundai

Hyundai’s growing popularity in Ireland can be attributed to its innovative designs, competitive pricing, and exceptional warranties. Models like the Hyundai Tucson dominate the SUV market, combining style, practicality, and affordability—qualities highly valued by Irish families.

Hyundai is also leading the charge in sustainable motoring with its electric and hybrid models, including the Hyundai Ioniq 5 and the Hyundai Kona EV. These vehicles offer state-of-the-art technology, impressive range, and excellent government incentives, making them highly appealing to both urban and rural Irish consumers.

Conclusion

The popularity of Toyota, Volkswagen, and Hyundai in Ireland highlights key trends among Irish drivers: a demand for eco-friendly options, high-quality engineering, and value for money. As Ireland continues its transition towards a greener, more sustainable motoring future, these brands are well-positioned to remain at the forefront of the Irish market, meeting the needs of modern motorists.

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