Property asking price inflation drops to lowest rate in over two years

James Cox

The growth for housing prices has fallen to its lowest level in over two years according to a new report.

The report, prepared for MyHome by Bank of Ireland chief economist Conall MacCoille, shows that national asking prices are up 4.7 per cent over the year, with annual asking prices outside Dublin rising by 6.1 per cent and by 2.9 per cent in the capital.

Annual asking price inflation has softened to its lowest rate in over two years, according to the Q1 2026 Property Report.

Annual asking price inflation is now running at 4.7 per cent nationwide – the last time the rate was lower was in Q4 2023, at 4.1 per cent.

Similarly, annual asking price inflation in Dublin is now 2.9 per cent. This is the lowest rate in the capital in almost three years, when a rate of 0.6 per cent was recorded in Q2 2023.

This is the fifth consecutive quarter in which annual asking price inflation nationwide has eased, "lending confidence to our view that Irish house price inflation will slow towards our forecast for a 4 per cent overall rise this year".

The MyHome report for Q1 2026 found that annual asking price inflation was 4.7 per cent nationwide. Annual asking price inflation in Dublin is now 2.9 per cent and the rate is 6.1 per cent in the rest of Ireland.

Meanwhile, the report found asking prices nationally rose by 1 per cent on the quarter, were up slightly by 0.2 per cent in Dublin and rose by 1.7 per cent in the rest of the country.

This means the median asking price for new instructions nationally was €385,000 in Q1. In Dublin it was €450,000 and in the rest of the country it was €330,000.