In Wicklow, prices in the first three months of 2025 were 12% higher than a year previously, compared to a rise of 2% seen in the 12 months to March 2024.
The average price of a home is now €441,000, 36% above the level seen at the start of the covid19 pandemic.
The current rate of inflation in the market is the second-highest seen in the ten years since mortgage market rules were introduced, exceeded only by the spike in prices seen in early 2017 (11.7% year-on-year then, vs 11.6% year-on-year now).
The surge in inflation is being driven by Dublin and the rest of Leinster. Inflation in the capital is now running at 12.2%, the highest rate in eight years, while in the rest of Leinster, the annual increase in prices is 13.4%, also the highest since early 2017. Galway (13.2%) and Limerick cities (13.8%) are also seeing rates of inflation above the national average, while the rate seen in Waterford (11.2%) and Cork cities (9.2%) is slower.
As before, the sharp increases in prices around the country are happening at a time of very tight supply.
The number of second-hand homes available to buy nationwide on March 1st stood at less than 9,300. This is down 17% year-on-year and also marks the lowest total ever recorded in a series extending back to January 2007.
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