The housing crisis has remained a central issue in Irish political and social discourse for many years. The prolonged imbalance between housing demand and supply has persisted for over a decade, resulting in a substantial deficit and contributing to an accelerated pace of house price and rental inflation.
In addition, the elevated interest rate environment experienced from 2022 to 2024 has further impacted affordability, particularly for first-time buyers, a fundamental segment of the residential market.
This report will focus on the affordability of new homes in Ireland and analyse the impact of reduced mortgage rates that have become available in 2025. The report also includes commentary on rental affordability in Ireland and a deep dive into mortgage market trends.
