Ireland’s Slow Property Market | Dublin News

Ireland’s property market is moving slower than a snail on Sunday—homes change hands just once every 50 years on average, according to new data from MyHome.ie and Bank of Ireland. Despite a 5% price hike nationally, fewer existing homes are selling, hitting liquidity levels not seen in over a decade. Only 44,000 existing homes traded in 2025—just 2% of the country’s total. Homeowners are staying put, wary of finding new homes or facing upgrade costs. New builds are selling better, but existing home sales are down. Yet, rental terminations have surged 50% since new tenant protections kicked in, hinting at more homes hitting the market soon. Prices keep climbing—even selling 7-8% above asking, especially in Dublin—where the median home hits €495k. Affordability remains a struggle: mortgage approvals are up, but slower than before, and first-time buyers’ incomes aren’t keeping pace. More homes are listed than last year, but moving? Still a big deal. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/603b58dff0d0898c