New figures from the Central Statistics Office show that residential property prices increased by 7% in the 12 months to January, up from the 6.9% recorded in the year to December 2025.
The CSO said that property prices in Dublin rose by 6.1% in January and prices outside Dublin were up by 7.7% compared with the same month last year.
Today's figures show that house prices in Dublin rose by 5.6% in January while apartment prices increased by 7.8%.
The highest house price growth in Dublin was in Dublin City at 8%, while Fingal saw a rise of 3.8%.
Outside of Dublin, house prices were up by 7.3% and apartment prices rose by 12.3%, the CSO said.
The region outside of Dublin that saw the largest growth in house prices was the Midlands (Laois, Longford, Offaly, and Westmeath) at 15.9% and the Border (Cavan, Donegal, Leitrim, Monaghan, and Sligo) at 10.2%.
At the other end of the scale, the Mid-West (Clare, Limerick, and Tipperary) saw a rise of 5.6%.
The median price of a home bought in the 12 months to January was €389,986.
The CSO noted that highest median price for a home in January was €680,000 in Dún Laoghaire-Rathdown, while the lowest median price was €195,000 in Donegal.
The figures also show that the most expensive Eircode area over the 12 months to January was A94 (Blackrock, Dublin) with a median price of €840,000, while F45 (Castlerea, Roscommon) had the cheapest price of €153,000.
A total of 3,781 home purchases were filed with Revenue, a decrease of 0.5% compared with the 3,801 purchases in January 2025.
The total value of transactions filed in January 2026 was €1.66 billion. This consisted of 2,686 existing homes with a value of €1.14 billion, and 1,095 new homes with a value of €516.9m.
Trevor Grant, chairperson of Irish Mortgage Advisors, said that as we enter the spring months, momentum is building up in the housing market again and this could drive the rate of house price inflation up even higher in the coming months.
"It must be remembered too that in certain regions, such as the Midlands and Border, the rate of house price inflation is much higher than the national average," he noted.
Mr Grant said the extent of house price inflation in many rural areas continues to frustrate and cause despair for many locals as they are being increasingly priced out of their home towns and villages.
"Ultimately, the biggest driver of Irish house price inflation is the shortage of homes coupled with the pent-up demand for housing and an expanding population - so for this reason, the more the delivery of homes can be accelerated, the better," he said.
He said recent figures from the CSO shows a steady pipeline of approved developments and in turn, a potential future growth in housing supply.
"However, it is vital that these permissions translate into actual construction," he stated.
