It comes as the rate of property price inflation has accelerated.
Property prices increased by 7pc in the year to January, up from the 6.9pc recorded in the year to last December, according to the Central Statistics Office (CSO).
The median, or typical, price of a dwelling purchased in the year to January was €389,986. This is up from €360,000 in January last year.
Property prices in Dublin rose by 6.1pc, and prices outside Dublin were up by 7.7pc compared with January 2025.
Prices are up by 15pc in the Midlands as a shortage of homes to buy and people working from home has pushed up values. This area consists of Laois, Longford, Offaly, and Westmeath.
The highest median price for a dwelling in the 12 months to January 2026 was €680,000 in Dún Laoghaire-Rathdown.
Outside of Dublin, the most expensive region over the last 12 months was Wicklow, with a median price of €455,000.
The second most expensive region was Kildare, which had a median price of €440,040.
The least expensive region over the last 12 months was Donegal, where the median price paid for a dwelling was €195,000
The most expensive Eircode area was A94 (Blackrock, Dublin) with a median price of €840,000.
The F45 Eircode, which takes in Castlerea, Co Roscommon, had the least expensive price of €153,000.
In January, 3,781 dwelling purchases by households were filed with Revenue at a total value of €1.66bn.
This was a decrease of 0.5pc when compared with the 3,801 purchases in January last year.
These purchases were made up of 2,686 existing dwellings and 1,095 new dwellings.
Revenue data shows there were 1,566 first-time buyer purchases in January.
The national index has now reached the value of 205.0, which is 25.3pc above its highest level at the peak of the property boom in April 2007.
Dublin residential property prices are 10.7pc higher than their February 2007 peak, while residential property prices in the Rest of Ireland are 27.5pc higher than their May 2007 peak.
Property prices nationally have increased by 179.4pc from their trough in early 2013.
Dublin residential property prices have risen by 174.2pc from their February 2012 low, while residential property prices in the Rest of Ireland are 193.4pc higher than at the trough, which was in May 2013.
Ross Lynch, senior mortgage adviser at NFP Ireland, which is a specialist in wealth management firm, said prospective sellers will be cheered by the uptick in the rate of house price growth.
“However, the many aspiring house buyers out there will be concerned by the acceleration in the rate of house price growth as it means they are likely to continue to face significant affordability issues, particularly first-time buyers in certain areas, where demand remains high and new supply is still falling short.”
Mr Lynch said a shortage of homes, combined with sustained population growth and real income gains over recent years, continues to drive property price inflation.
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