Annual residential property price inflation in Ireland slowed to a two-and-a-half-year low in July, according to figures published by the Central Statistics Office (CSO) on Wednesday. The Residential Property Price Index showed national home prices rose by 5.5% in the 12 months to July 2026, down slightly from 5.6% in June and marking the lowest annual growth rate since January 2024.

The annual deceleration was led by the Dublin market, where residential property price growth eased to 4.4% in July, down from 4.6% in June. Outside the capital, annual property price inflation held steady at 6.4%. Across the state, house prices increased by 5.2% over the 12-month period, while apartment prices rose at a faster rate of 7.5%. On a monthly basis, prices picked up by 0.8% in July compared with June, representing the fastest month-on-month increase in a year.

CSO statistician Samantha Walsh confirmed that the national annual increase of 5.5% represents the lowest annual rise since January 2024, when growth stood at 5.4%. CSO data showed that the median price of a dwelling purchased in the 12 months to July reached €399,999, with Dún Laoghaire-Rathdown recording the highest regional median price at €668,411 and Longford recording the lowest at €200,000. Industry commentators noted that while the moderation in overall annual inflation offers modest relief for prospective buyers, structural supply constraints in second-hand homes continue to underpin prices.