The average asking price for a home in Ireland has reached €445,000, according to the latest quarterly property market data. The figures highlight the ongoing supply and affordability challenges currently facing buyers across the country.

According to the report, the persistent gap between housing supply and demand continues to drive up asking prices. Prospective buyers are facing a highly competitive market, with a limited number of properties available for sale relative to the level of active demand.

Industry analysts note that the upward pressure on prices is being felt across both urban and rural areas, though major cities continue to see some of the highest valuations. The lack of sufficient new housing completions to meet growing population needs remains a primary driver of the price increases.

Stakeholders in the housing sector have reiterated calls for accelerated residential construction to help stabilize prices and improve affordability for first-time buyers. The latest figures are expected to keep housing policy at the forefront of national economic discussions.