7-10% increase in national house values expected over the next 12 months by estate agents – The Sunday Times Nationwide Property Price Guide
- Estate agents predict an average increase of 7% in house values nationwide for 2025, with 10% increases expected in Donegal, Kilkenny, Laois, Leitrim, Offaly, Cork City, Sligo and North Co. Wicklow
- Lower price increases of 3-5% expected in counties Carlow, Clare, Galway, Cork, Limerick, Louth, Meath, Roscommon and Tipperary
- Lack of supply will push prices up in 2025 but overall increase is unlikely to match 2024’s average rise of 10.3%
- Mohill, Ballinamore and Ballyconnell among most affordable areas for three bed semi-detached houses
A lack of supply, falling interest rates and increased competition for property will continue to push up house values in the year ahead, according to the 2025 Sunday Times Nationwide Property Price Guide, in partnership with AIB.
The dedicated 32-page supplement, now in its 23rd year, will be published free with The Sunday Times this Sunday, 12th January.
The Sunday Times Nationwide Property Price Guide is the authoritative guide to the Irish property market, featuring interviews with a number of estate agents from around the country who outline their predictions for the year ahead. It also includes a detailed analysis of property prices for a wide variety of house types across all of the nation’s postcodes.
Nationally, estate agents expect property values to rise by an average of 7% this year, as a shortage of homes, falling interest rates and increased competition for property increases prices. This is good news for home owners looking to sell but makes it more difficult for first-time buyers to get on the market.
Key insights include:
- Asian buyers are active in Galway City and Counties Roscommon and Cavan, with many workers from Cavan General Hospital purchasing homes
- The Greater Dublin Area (counties such as Meath, Kildare and Wicklow) saw an increase in new home construction in 2024, which will continue in 2025 and will help alleviate pressure
- In Cork City, three-bedroom semi-detached homes on the Model Farm Road are expected to hit the €510,000 mark this year (up from an average of €450,000 in 2024). In Ballinlough, three-bedroom semi-detached homes will hit €530,000 (up from €490,000)
- Persistently low supply and a dearth of new developments is likely to exert continued upward pressure on prices in Co. Galway
- Construction delays, driven by high material costs and labour shortages, may limit the availability of new homes in Limerick in 2025, a local agent says
The Sunday Times Nationwide Property Price Guide also reveals that the top ten most affordable examples of three-bed, semi-detached houses are in the following locations:
- Mohill, Co. Leitrim – €155,000
- Ballinamore, Co. Leitrim – €160,000
- Ballyconnell, Co. Cavan – €160,000
- Castlerea, Co. Roscommon – €160,000
- Strokestown, Co. Roscommon – €165,000
- Boyle, Co. Roscommon – €170,000
- Ballymote / Tubbercurry, Co. Sligo – €170,000
- Letterkenny, Co. Donegal – €180,000 (on average)
- Granard, Co. Longford – €175,000
- Edgeworthstown, Co. Longford – €180,000
The predicted price increases for the provinces in 2025 are:
- Connacht: Agents predict an average increase in house values of 6.5%
- Leinster: Agents are predicting an average increase of 6.7% in house values
- Munster: Agents predict that house values will increase by an average of 6%
- Ulster (counties within Republic of Ireland): Estate agents across Cavan, Donegal and Monaghan predict an average hike in values of 7% across the three counties
Sorcha Corcoran, editor of The Sunday Times Nationwide Property Price Guide, says: “The property market around the country last year was a classic case of the law of supply and demand in action. Home buyers were out in force competing for the disappointing amount of new-builds and second-hand properties that went up for sale. The net result – combined with other factors such as population growth and high employment – was higher-than-expected hikes in prices everywhere.”