Property prices in Meath have risen €10,000 during the quarter of 2025

Property prices in Meath have risen €10,000 during the quarter, according to the latest MyHome Property Price Report.

The report for Q1 2025, in association with Bank of Ireland, shows that the median asking price for a property in the county is now €310,000. This means prices have risen by €15,000 compared with this time last year.

Asking prices for a 3-bed semi-detached house in the county stayed flat over the quarter at €295,000. This means that prices in the segment have risen by €10,000 compared to this time last year.

Meanwhile, the asking price for a 4-bed semi-detached house in Meath rose €10,000 over the quarter to €335,000. This price is up by €20,000 compared to this time last year. There were 360 properties for sale in Meath at the end of Q1 2025 – an increase of 4 per cent over the quarter. This represented the second-largest percentage increase in supply of any county.

The average time for a property to go sale agreed in the county after being placed up for sale now stands at just under two months.

The author of the report, Conall MacCoille, Chief Economist at Bank of Ireland, said: “Record low supply and continued surging demand are still driving the property market, but the risk here is that Ireland’s relatively thin, illiquid housing market, reliant on those at the top of the income distribution could be exposed to a sudden negative economic shock, such as the risk of a US-EU tariff war, especially if it were to disproportionately hit employment in the high-paid multinational sector.”

He said, however, that in the absence of a trade war, all signs point to further growth, and in that instance our forecast of 5 per cent inflation for 2025 may even prove to be conservative.

“The average mortgage approval was €318,400 in January, up 7 per cent on 2024 – pointing to further price gains, while the extent of the tightening housing market is still striking.

“At end-March, just 10,800 homes were listed for sale on MyHome, a fresh record low. Just one in every two hundred homes in Ireland is currently listed for sale.

“Notably, first-time-buyer mortgage drawdowns rose to 26,200 in 2024, their highest level since 2007 but mover drawdowns fell to just 9,000 loans, now 20 per cent below pre-Covid-19 levels.”

Meanwhile, Mr MacCoille warned of increasingly stretched affordability in the market.

“Through 2024 Ireland’s residential property price index rose by 8.7 per cent, stretching affordability versus the 5.6 per cent pay growth recorded over the same period. The average Irish residential property transaction of €404,000 was an eight-times multiple of average annual earnings of €51,000. This is the most stretched Irish house prices have become relative to income since 2009.”