Latest property report shows price of a three-bed semi in Meath has risen by €15,000 compared to this time last year

Property prices in Meath have risen by €15,000 during the second quarter of this year, now reaching €325,000 according to the latest MyHome Property Price Report.

The report for Q2 2025, in association with Bank of Ireland, shows that the median asking price for a property in the county have risen by €25,000 compared with this time last year.

Asking prices for a 3-bed semi-detached house in the county rose €15,000 over the quarter to €310,000. This means that prices in the segment have risen by €15,000 compared to this time last year. Meanwhile, the asking price for a 4-bed semi-detached house in Meath rose €15,000 over the quarter to €350,000. This price is up by €30,000 compared to this time last year.

There were 458 properties for sale in Meath at the end of Q2 2025 – an increase of 27% over the quarter.

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 “The average mortgage approval in May was up 6.7% on the year, while the typical residential transaction is being settled 7.5% above the original asking price. Meanwhile, one in six properties is sold by 20% or more over asking price, indicating that competition for homes remains fierce.

“Another factor at play is loosening of the Central Bank mortgage lending rules. The average first-time-buyer borrowed 3.4 times’ their income in 2024, up from a 3.2x multiple in 2022. This change has pushed up house prices by €15,000 to €20,000.”

Mr MacCoille said this rising leverage process “may be coming to an end.

“The proportion of first-time buyers taking out a mortgage with a 3.5-4x loan-to-income (LTI) multiple is now steady, at just under 50%. If so, Irish house price inflation is more likely to return to mid-single digit territory.”

He said that some improvement in home completions was likely in 2025. “The ‘4Dublin Housing Supply Pipeline’ figures, the only survey of current homebuilding activity, shows the number of houses under construction in Dublin at end-2024 up 19% on the year.”

He said despite this housing completions in 2025 “will fall well short of the 50-60,000 units required. Attention should focus on difficult problems surrounding build costs and the viability of apartment development in Ireland over the medium-term.”