Current trends in the Dublin property market July 2025

Current trends in the Dublin property market July 2025.

As the Dublin property markets catches its breath in the summer months, our transaction data confirms it is still very favourable for sellers and challenging for buyers in the prime Dublin residential property market underpinned by low supply and falling interest rates.

Our average selling price in Q2 was €671,875 (€749 per sq. ft.), 9.7% above the average asking price of €620,469 compared to +5% for the same period last year. This is the highest variance we have ever recorded.

That said, properties are taking longer to close, averaging 9.2 weeks to sale versus 6.5 weeks in the same period last year. Apartments outperformed houses, selling 11% over asking and four weeks faster, largely due to strong activity among first-time buyers in the sub-€500k bracket.

Notably more properties are selling over asking, 88% of properties compared to 80% in Q1 2025. Only 3% were agreed below asking. Despite this the fall through rate has increased significantly at 18% compared to only 4% in the previous quarter, potentially reflecting greater financing pressure or growing buyer hesitation.

Buyer Profile: Owner-Occupiers Dominate as Investors Retreat

The market remains firmly owner-occupier led, 97% of our buyers are owner occupiers, 70% of them are first time buyers, more than half are single and the average age is 42. Investor transactions collapsed in Q2, only 3% of our buyers were investors. A worrying trend for the rental market.

69% of our buyers were buying with a mortgage and 31% with cash funds. This is last than half of the 63% of transactions which were with cash buyers for the same quarter in 2024 which reflects lower investor transactions. 58% of sellers were landlords exiting the market. The recent changes to RPZ regulations won’t encourage landlords to stay in the market in our opinion.

Lettings: Stable Rents, Shifting Tenant Mix

Our average monthly rent in Q2 was €2,750, virtually the same as Q2 2024 (€2,740).

Tech sector professionals continue to dominate the rental market, representing 40% of tenants though lower than the 43% in the previous quarter. 33% of our tenants are Irish, much higher than the 12% we recorded last year. Our typical tenant is 37 years of age and earning €71,000.

Looking Ahead

As the market pauses during the summer, attention turns to the autumn cycle. With interest rates easing and buyer demand still high, it is likely to continue to be favourable for sellers. However, a thinning investor base and rising fall-throughs will present challenges.

For those considering a move or investment, Owen Reilly remains committed to delivering data-driven insight and expert guidance at every stage of the property journey.