Ireland’s Housing Market Rebounds Despite Supply Challenges

Ireland’s housing market showed modest gains with a 0.6% increase in asking prices in Q3 2023. Although price growth remains slow, demand continues to outstrip supply, keeping competition high.

The recent Census highlights a serious shortage in housing stock per capita, pointing to a 28% increase in adults living at home. This demand is pushing prices up in urban areas like Dublin, despite the high mortgage rates, as Ireland’s economy remains robust.

Analysts suggest Ireland will see low, steady growth rather than sharp price changes, but an acute housing shortage will keep prices elevated.