Rising House Prices – Outlook Bleak Says Brokers Ireland

Press Release

Wednesday 16th July, 2025 

Commenting on the CSO Residential Property Price Index showing continuing price rises, Brokers Ireland said the outlook is bleak for prospective buyers, those who need to move from an existing home, and indeed renters, given the shortage of supply.

Rachel McGovern, Deputy Chief Executive at Brokers Ireland said: “The latest ESRI data forecasting just 33,000 units for 2025 and 37,000 in 2026, well below Government targets, is very worrying.

“It’s hard to envisage how any new housing plan by Government can turn this around in the short-term,” she said, adding that it will take “dramatic and unprecedented” measures.

She said a consequence of the high prices we’ve been experiencing is that those who need mortgages are taking on ever larger levels of debt.

“The Central Bank mortgage measures are not and could never be sufficient to deal with this situation. Parents are digging very deep into their resources to help first-time buyers to get a foothold in the market.”

She said increased supply is the only solution. The Government’s awaited new housing plan must address the impediments in zoning, planning and infrastructure, and it must be prepared to face up to and confront any vested interests standing in the way.

Ends

Further information:

Rachel McGovern,    Deputy Chief Executive, Brokers Ireland

Tel. 086-8259938

Mairéad Foley, Foley Ryan Communications

Tel. 086-2556764