House values in parts of Dublin expected to rise by as much as 12% in 2025, as shortage of new homes continues to push up prices – The Sunday Times Dublin Property Price Guide
- Property values in Dublin 3 and Dublin 5 predicted to rise by as much as 12%
- Estate agents predicting an average 6.25% price increase across all Dublin postcodes
- Ballsbridge, Donnybrook and Sandymount in Dublin 4 and Ranelagh and Milltown in Dublin 6 remain the most expensive areas in Dublin for three-bedroom houses while Neilstown, Ballymun and Killinarden / Kiltipper are the most affordable
- Dublin estate agents say a lack of supply will continue to drive up prices in 2025
- Asian buyers snapping up homes in Dublin 14 and Dublin 18
Dublin estate agents expect property values in the capital to rise by an average of 6.25% this year, as a shortage of homes, falling interest rates and increased competition for property all contribute to price increases, according to The Sunday Times Dublin Property Price Guide for 2025, in partnership with AIB.
The dedicated 28-page supplement, now in its 23rd year, will be published free with The Sunday Times today – Sunday, 5th January.
The Sunday Times Dublin Property Price Guide is the authoritative guide to the Dublin property market, and features interviews with a number of Dublin estate agents who outline their predictions for the year. It also includes a detailed analysis of property prices for a wide variety of house types across all postcodes in the capital.
Key insights include:
- Dublin estate agents expect that a lack of supply will continue to push up house values in the year ahead, with prices predicted to rise by an average of 6.25% this year. However property values in Dublin 3 and Dublin 5 are expected to rise by as much as 12%.
- In 2024, the sale price of some renovated former council houses in Dublin 12 approached and breached the €500,000 mark in some cases.
- Home buyers battled it out for homes in walk-in condition due to a shortage of builders, high construction costs and a demand for energy-efficient homes.
- Asian buyers have become a prominent feature of postcodes Dublin 14 and Dublin 18, many of them cash buyers.
- However, there is some light on the horizon this year as some estate agents expect rental prices to remain static in 2025.
The Sunday Times Property Price Guide also reveals that the top five most expensive examples of three-bed, semi-detached houses in Dublin are in the following locations:
- Ballsbridge – €1.1 million
- Sandymount – €1.1 million
- Milltown – €950,000
- Ranelagh – €990,000
- Rathmines – €810,000
The top five most affordable examples of three-bed, semi-detached houses are unveiled as:
- Neilstown – €265,000
- Springfield, Tallaght – €300,000
- Darndale – €320,000
- Ballymun – €325,000
- Killinarden / Kiltipper – €330,000
Sorcha Corcoran, editor of The Sunday Times Dublin Property Price Guide, says: “Buying a home in Dublin in 2024 was not for the faint-hearted as price inflation took hold across the capital at rates that came as a big surprise to most estate agents – never mind buyers and sellers. Demand outstripping supply is the root cause of the rise in values over the past year. The crux of the issue in 2024 was that the property category most in demand – A-grade family homes in walk-in condition, either new builds or existing properties that had been modernised – was in short supply. This translated into fierce competition among buyers and ultimately premium prices.”
The Sunday Times Dublin Property Price Guide, in association with AIB, will be followed by The Sunday Times Nationwide Property Price Guide which will be published on Sunday, 12 January.
For full details, pick up a copy of The Sunday Times this weekend or online at thesundaytimes.ie/dublinpropertyprices
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