Irish Housing Market Faces Potential Impact from US-EU Trade War

The Irish housing market is experiencing significant growth, with annual asking price inflation at 8.1% nationwide in the first quarter of 2025. Dublin saw a 6.2% increase, while the rest of Ireland experienced a 9.2% rise. However, a looming trade war between the US and the EU poses a risk to this upward trend.

Economist Conall MacCoille warns that Ireland’s reliance on high-income earners in multinational sectors makes the housing market vulnerable to sudden economic shocks. If the trade war adversely affects employment in these sectors, housing demand could weaken, potentially stabilizing or even reducing property prices.

This situation underscores the need for landlords to monitor international developments closely, as they may directly influence property valuations and rental demand.