WHO’s ACTUALLY BUYING HOMES IN IRELAND?
- First Time Buyers (FTBs) are driving mortgage lending, movers are stuck:
💡We badly need trading up mortgage products to help the mover market.
- Completions increased in 2025: 36,284 new homes, the highest level since 2009
- Apartment construction led growth: Apartment completions rose ~40%
💡Did you know – In the 12 months to June sole first time buyers accounted for 64.2% of mortgages on apartments
- There are 37,500 new home completions expected in 2026. Still not enough though to meet current demand….
WHAT IS THE AVERAGE PURCHASE PRICE OF A HOME IN IRELAND? WHAT ABOUT AVERAGE INCOMES & EXCEPTIONS –
- The average home price in 2025 (€426,000) is now around 8× average earnings (€53,000).
- There is now a lower reliance on lending exceptions: Since 2023, fewer borrowers are exceeding mortgage limits of 4 times income for FTBs
ARE HOUSE PRICES INCREASING IN IREALND? PRICE INFLATION & SUPPLY –
- Price growth is slowing: Prices up 6.6% y-o-y, but momentum is easing; 4% inflation expected in 2026.
- Severe supply shortage: The number of homes listed on our Mortgage Hub Partner MyHome is just 12,200 homes for sale, well below pre-Covid levels; new listings weakened in Q4.
- Demand strong, supply weak: Homes sell fast (~3 months), but lack of stock is choking activity.
- Market volumes flat: Transactions in 2025 barely above 2024, following last year’s decline.
Need support in your homebuying journey, contact our team or start your mortgage journey here.
Latest housing market stats –
📊 Sources: MyHome, BPFI, Central Bank, BOI
