Ireland's Housing Market Shows Strong Growth in Q2 2025
Second Quarter Witnesses a 35% Rise in Completed Homes, According to Data Reports
The Irish housing market has experienced a significant boost in the second quarter of 2025, with new dwelling completions soaring by 35%. According to the Central Statistics Office (CSO), a total of 9,214 new homes were completed between April and June, marking a fresh high not seen since 2009.
This surge in housing output is evident across the country, with the Midlands, Mid-West, and Border regions all reporting increases in completions. In particular, the Midlands region saw a 33% increase, while the Border region experienced a substantial 38% rise.
Dublin Leads the Way in Apartment Completions
Dublin City continues to be a hotspot for new dwelling completions, accounting for more than four in ten of all completions nationwide. In the second quarter alone, 3,053 apartments were completed, representing 33% of all new dwellings. This trend is reflected in the current pipeline, with 16,260 apartments under construction in Dublin, representing a two-and-a-half-year supply.
Single Dwelling Completions on the Rise
Single dwelling completions also saw a notable increase, rising by 13% from 1,342 to 1,518. The Mid-East region recorded the highest number of single dwelling completions, with 240 in the Border region coming in a close second.
House Price Inflation Forecast Remains Positive
The strong growth in housing completions has led to a median home sale price that was settled 8.6% above the original asking price in July 2025, a fresh high. This trend, combined with the increased supply, has caused the risk to the forecast for 5% house price inflation in 2025 to shift towards the upside.
Looking Ahead to 2025's Full-Year Data
While the CSO has yet to release the full-year data for 2025, the figures for the first half of the year suggest that the target of 34,500 completions may be achievable. With a 20% increase in the first half and a forecasted 10% growth in the second half, the market is on track to meet this goal.
However, it is important to note that the full-year total depends on completions in Q3 and Q4, which are not yet available. The CSO typically publishes annual housing completion data several months after the end of the calendar year, so the final 2025 figure will likely be released in early 2026.
Government Aims for 300,000 Homes by 2030
The strong performance of the housing market in 2025 is part of a larger government initiative. The programme for government aims to deliver more than 300,000 homes by the end of 2030, with a target of 41,000 for 2025. This ambitious plan, if achieved, would significantly improve Ireland's housing situation and address the long-standing issue of housing shortages.
Transaction volumes in the first half of 2025 were up 2% on the year, indicating a continued demand for properties in the Irish market. As the market continues to evolve, it will be interesting to see how the full-year data for 2025 shapes up and whether the government's ambitious targets can be met.
A surge in housing completions across Ireland could indicate potential opportunities for investors in the real-estate industry, with Dublin offering a significant share of new dwellings, both apartments and single homes. The Irish government, with its ambitious goal of delivering 300,000 homes by 2030, is striving to spur growth in the finance sector through property development and investment.
