Property prices fall in Dublin but are still rising in rural areas, Daft.ie says

Early data suggests house transaction prices in Dublin fell by 2.3 per cent on average between March and June compared with the same period last year, property website Daft.ie has said.

In its latest housing market report, Daft said asking prices nationally have increased at a much slower rate over the past 12 months when compared with the previous year.

Still, there was growing evidence of a “two-speed” housing market, with prices in cities stable or falling, while prices in rural Ireland continue to accelerate at a fast pace, The Irish Times reported.

In Dublin, prices fell by 2.3 per cent according to preliminary figures from the property price register, which may be revised when more transactions are logged for the quarter over the coming weeks, the report’s author Ronan Lyons said.

List prices for homes in Dublin, meanwhile, were up 3 per cent on an annual basis, down from a growth rate of 5.5 per cent a year previously.

The average listing price of a three-bedroom semidetached house was €580,000, according to the report.

At the start of June, some 4,000 homes were listed for sale in Dublin, up 9 per cent on last year, and “broadly in line with the pre-Covid average”, Daft said.

At a national level, house prices were 3.8 per cent higher in the past three months compared with the same period last year. This compares with an annual inflation rate of 6.8 per cent in the second quarter of 2025.

Lyons, a Trinity College Dublin economics professor, said there has been a “broad-based slowdown” in house price inflation over the past 12 months.