Irish House Prices Projected to Rise in 2025

House prices are projected to rise by up to 10% in various regions of Ireland in 2025, driven by a persistent lack of supply. Areas such as Donegal, Kilkenny, Laois, Leitrim, Offaly, Cork City, Sligo, and north Wicklow are expected to see this significant increase, while more modest rises of 3% to 5% are anticipated in counties like Roscommon and Tipperary. The Sunday Times Nationwide Property Price Guide highlights that affordability remains a challenge, with locations like Mohill and Ballinamore noted for their relatively lower prices for three-bedroom homes. Despite some relief from falling interest rates, mortgage rates remain high, complicating the purchasing landscape for potential buyers. The report attributes the price hikes to intense competition and demographic factors, including increased activity from Asian buyers in certain areas. Overall, estate agents suggest that while prices are expected to climb, the rate of increase may not match last year's average rise of 10.3%.