The Dublin residential property market continues to show impressive resilience in 2025, with strong buyer and tenant demand maintaining momentum despite broader economic uncertainties. The key trend over the last 18 months has been persistent: supply is not meeting demand, and this imbalance only intensified in Q1 2025.
According to Owen Reilly’s latest market report, both sales and lettings activity remain robust—especially among tech professionals, high-income renters, and first-time buyers who are seeking quality homes in prime urban locations.
🔎 Key Highlights: Dublin Property Market Q1 2025
-
Average Selling Price: €593,934 — 9.6% above asking price
-
Average Asking Price: €555,257
-
80% of properties sold above asking
-
Apartments sold faster (7.8 weeks) than houses (12.8 weeks)
-
Houses saw higher uplifts, selling for 14.8% over asking
-
Buyers: 83% owner-occupiers, 66% first-time buyers
-
Sellers: Over 60% were landlords
-
Lettings: Average rent at €2,962/month
-
Tech professionals dominate the rental sector (45%)
📈 Dublin Sales Market: A Seller’s Dream
Demand is clearly outpacing supply, making Q1 2025 one of the most competitive quarters on record. The average selling price hit €593,934, which is a significant 9.6% above the average asking price of €555,257. This is the highest variance Owen Reilly has ever recorded, surpassing even the +6% uplift recorded during the same period last year.
🔥 80% of Homes Sold Above Asking Price
-
80% of homes sold for more than their asking price, underscoring intense buyer competition.
-
The €500k–€1M segment was the most competitive, averaging 11.9% above asking.
-
While high-end properties (€1M+) remained relatively stable, they still achieved 1.4% uplift.
🏙️ Apartments Sell Faster, But Houses Bring Bigger Gains
-
Apartments were quicker to sell, averaging just 7.8 weeks on the market.
-
Houses, though slower at 12.8 weeks, offered larger price gains with an average 14.8% above asking.
-
Well-presented apartments in prime city locations are being snapped up swiftly by urban professionals.
🧑💼 Who’s Buying in Dublin?
The buyer profile paints a clear picture of a market driven by end-users rather than investors:
| Buyer Type | Percentage |
|---|---|
| Owner-Occupiers | 83% |
| First-Time Buyers | 66% |
| Irish Nationals | 65% |
| European Nationals | 20% |
| Asian Buyers | 12% |
| Average Buyer Age | 41 |
| Purchase Method | 57% Mortgage / 43% Cash |
Landlords remain the majority of sellers (60%), a trend ongoing for four consecutive years as many exit the rental market due to regulation and tax changes.
🏠 Dublin Lettings Market: High Rents and High Earners
The lettings market in Dublin also saw strong demand in Q1 2025, especially among international tech workers and high-income professionals. The average monthly rent across properties was €2,962, with luxury units commanding significantly higher figures.
📊 Average Monthly Rents by Property Type:
| Unit Type | Average Rent |
|---|---|
| 1-Bedroom | €2,168 |
| 2-Bedroom | €2,978 |
| 3-Bedroom | €4,835 |
| Highest Rent Achieved | €11,600 (Luxury Penthouse at Opus) |
👨💻 Tech Tenants Leading the Rental Market
Tenants in Q1 were mostly young professionals with high combined incomes and international backgrounds.
| Tenant Segment | Percentage |
|---|---|
| Tech Professionals | 45% |
| Finance | 15% |
| Other Professions | 40% |
| Average Salary | €145,997 |
| Average Age | 37 |
Household Types:
-
Couples: 52%
-
Singles: 29%
-
Flat-sharers: 19%
Nationality Breakdown:
-
European Nationals: 38%
-
Irish Tenants: 31%
-
Other Global Professionals (Asia, India, UK): Remaining %
🏡 Supply Still Not Meeting Demand – But Slight Improvement Noted
Interestingly, supply in Dublin increased by 2% compared to Q1 2024, with 3,344 listings recorded on Myhome.ie. However, this modest gain still lags far behind rising demand, especially in the €500k–€1M price bracket and among premium rentals.
📣 Expert Insight
“The first quarter of 2025 reaffirms what we’ve seen over the past year: demand is outstripping supply, particularly in prime urban locations. Well-presented apartments are selling quickly, while quality houses still command a premium.”
— Owen Reilly Market Report
🧠 Final Thoughts: What This Means for Buyers, Sellers & Renters
-
Sellers: It’s a seller’s market—price your property right and expect strong competition.
-
Buyers: Be prepared to act quickly and above asking in most cases.
-
Investors & Landlords: With high rental yields and strong demand, premium rental properties remain a worthwhile investment.
-
Renters: Expect rising rents, particularly in the tech and luxury segments. Early action and strong applications are key.
