House prices in Ireland dropped 1.8% month-on-month in October, the permanent tsb/ESRI House Price Index showed Friday. The latest decline came after falls of 1.1% in September, 1.5% in August and 1.1% in July.
During the first ten months of the year, average national house prices slid 12.7% versus a 7.8% decline in the same period last year. Over the 12 months to October, national house prices fell 13.9% year-on-year after a 13.1% decline in the 12 months to September.
In October, the average price for a house in Ireland was EUR 228,347, compared with EUR 261,573 in December and a peak of EUR 311,078 in February 2007. National prices have fallen 26.6% since this price peak, the report said, and are now at October 2003 levels.
In Dublin, house prices dropped 2.6% month-on-month in October after a 2.1% fall in the previous month. Outside Dublin, prices were down 1%, following the 1.3% dip in September. The average price for a house in Dublin and outside Dublin in October stood at EUR 292,631 and EUR 199,754 respectively.
The permanent tsb house price index is a 3-month moving average and is based on the agreed sale price and is calculated using data from mortgage drawdowns.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.