Irish Property Market April Update: Prices Hold Steady Amid Tight Supply

As we step into mid-April, Ireland’s property market continues to show notable stability despite wider economic uncertainty. While headlines focus on cost-of-living pressures and rising inflation across the Eurozone, Irish residential property prices have remained largely steady over the past 12 months. In urban centres, particularly Dublin and Cork, prices have flattened after years of rapid growth, but they have not declined significantly. Outside of these cities, commuter belts like Kildare and Meath are still seeing modest gains, driven by demand from remote workers and first-time buyers seeking affordability. The primary factor keeping prices buoyant is the continued shortage of supply. New builds are delayed by construction bottlenecks and higher input costs, while existing homeowners are reluctant to sell amid economic ambiguity. For investors, the rental market remains strong, with national rents up year-on-year and vacancy rates stubbornly low. This creates a favourable environment for buy-to-let investors, especially in regional cities where yields can exceed 6%. Overall, it’s a time for measured optimism—while prices aren’t surging, the fundamentals remain sound.