Over 33,000 new residential address points recorded over past twelve months while national vacancy rate falls to 3.7%

Latest GeoDirectory Residential Buildings Report finds a 23.2% increase in residential address points in Q2 2025 compared to previous year. 

GeoDirectory Residential Buildings Report Q2 2025 Highlights 

  • There were 33,002 new residential address points added to the GeoDirectory database in the twelve months to June 2025. This represents a 5.2% increase year-on-year 

  • 23,869 residential buildings were under construction across the country in June 2025, up 9.2% compared to June 2024 

  • The average house price increased across all 26 counties, with the average price increasing by 9.8% to €420,469, according to CSO data 

  • The national average vacancy rate in Q2 2025 was 3.7%, with 80,328 residential properties recorded as vacant in June 2025 

  • Leitrim, at 11.9% was the county with the highest vacancy rate, while Dublin (1.1%) had the lowest   

  • 19,821 residential buildings were classified as derelict in June 2025, 2.9% lower compared to June 2024. 

26th August 2025 

A total of 33,002 new residential address points were added in the twelve months to June 2025, representing a 5.2% increase year-on-year, according to the latest GeoDirectory Residential Buildings Report released today. The report, prepared by EY, found that a further 23,869 residential buildings were under construction across the country in June 2025, up 9.2% from the previous year. 

New Residential Address Points 

The Greater Dublin Area accounted for just over half of all new address points (53.2%), while Dublin itself accounted for 12,762 (38.7%) of new addresses added in the year to Q2 2025, followed by Cork (3,363), Meath (1,830) and Kildare (1,747). Counties in Leinster accounted for over two-thirds (68.3%) of the new address points. 

Buildings Under Construction 

The total number of buildings under construction nationally in June 2025 was up 9.2%, or by 2,018 buildings, compared to June 2024. Of the 23,869 residential buildings under construction last month, 16.7% were located in Dublin (3,979 buildings), closely followed by Cork (2,876 buildings). Construction activity was weakest in Longford and Leitrim where there were fewer than 150 buildings under construction in total. 

National Vacancy Rate and Derelict Buildings 

The national average vacancy rate in Q2 2025 was 3.7%, with 80,328 residential properties recorded as vacant in June 2025. Vacancy rates decreased in 17 counties over the same twelve-month period. 

The lowest vacancy rates in the country were recorded in Dublin (1.1%), Kildare (1.6%), Waterford (2.1%) and Carlow (2.5%), while the highest residential vacancy rates continue to be found along the North and West coast. Leitrim, at 11.9% was the county with the highest vacancy rate, along with Mayo (10.6%), Roscommon (10.1%), Donegal (9.0%) and Sligo (8.4%). 

19,821 residential buildings were classified as derelict in June 2025, 2.9% lower compared to June 2024. All counties saw the number of derelict address points decline relative to Q2 2024. Derelict address points continue to be concentrated along the west coast of Ireland, with over a third (38.2%) of derelict residential buildings located in Connacht. Mayo registered the highest concentration of derelict address points (14.1% of national total), followed by Donegal (11.5%) and Galway (8.9%). 

Analysis of House Prices, Transactions and Affordability 

Based on CSO data, the average house price nationally was €420,469 in June 2025, an increase of 9.8% year-on-year. The number of residential property transactions fell by 1.6% when compared to same period in 2024, with a total of 47,927 properties purchased in the 12-months to June 2025.  

In Dublin, the average property transaction price was €585,754, the highest in the country, while the lowest average property price was Leitrim at €204,323. 

Commenting on the findings of the latest GeoDirectory Residential Buildings Report, Dara Keogh, CEO of GeoDirectory said, “While we've seen a significant increase in new residential address points, which is a testament to ongoing construction and development, the market continues to navigate complex issues. We continue to see low levels of vacancy in the residential property sector at 3.7% and average house prices continue to rise, now at €420,469. This reflects persistent demand, even as we observe a slight decrease in overall property transactions.” 

Annette Hughes, Director at EY Economic Advisory, said, “The latest GeoDirectory data finds that vacancy rates have fallen in 17 counties and there has been a 2.9% drop in derelict properties nationally, reflecting a broader trend of improved utilisation of existing stock as more homes are being brought back into use.  Data on the number of residential buildings under construction is also positive and looking ahead, continued collaboration between public and private sectors will be important to sustaining momentum on housing supply”." 

ENDS   

For Further Information:  

Killian Keys, Wilson Hartnell, Killian.keys@ogilvy.com, 086-1024302 

Niamh O’Connor, Wilson Hartnell, niamh.oconnor@ogilvy.com, 085-8542540 

About GeoDirectory - Data Intelligence for Targeted Growth     

The GeoDirectory database is the most comprehensive address database of dwellings in the Republic of Ireland. A copy of the Residential Buildings Report is attached in PDF format and is available at www.geodirectory.ie          

The GeoDirectory database is used by many different companies and organisations across a diverse range of applications. Its database and services are used by the Central Statistics Office to achieve more accurate census results.    

For further information or to view relevant case studies please visit: www.geodirectory.ie  

Past GeoDirectory Residential Buildings Reports are available to view at: https://www.geodirectory.ie/knowledge-centre/reports-blogs and https://www.ey.com/en_ie/strategy-transactions/ey-dkm-economic-advisory-services    

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