With the current national average cost of rent at €1,403, it's understandable many people are looking to buy.
According to the latest quarterly report by property website Daft.ie, the average listed rent is now €373 per month higher than the previous peak in 2008 - and almost €660 higher than the low seen in late 2011.
Property prices in the majority of areas in Ireland, especially in Dublin, have been rising steadily, so it can be difficult to find value.
Whether you're looking to move into a rural area or seeking an investment, here are five properties - with at least three bedrooms - currently on the market for under €50,000.
Three-bed in Co Roscommon - €45,000
This three-roomed country cottage lies on a 0.2 acre site outside Strokestown, Co Roscommon.
This fixer-upper home is in need of refurbishment, but for €45,000 it could be a clever investment.
Four-bed semi-detached in Co Donegal - €40,000
This four-bedroom family home is on the market for just €40,000.
There isn't a description for this property at Churchlands, Manorcunningham, Co Donegal, but at this price and as it's just 10 minutes from Letterkenny, it could be worth a punt.
Six-bed in Co Tipperary - €39,950
This property on Main Street, Clogheen, Co Tipperary has six bedrooms across two floors, however, it needs a bit of work.
This shop and former bakery area also offers a large site at the back and sewerage system - all for under €40,000.
Three-bed in Co Donegal - €45,000
This detached bungalow is available in Ballyboes, Falcarragh, Co Donegal for €45,000.
It's located just 4.2km from Falcarragh and 7.6km to Dunfanaghy and has two outhouses.
Four-bed in Roscommon - €30,000
This two-storey terraced home is up for sale for just €30,000 in Co Roscommon.
The property has four bedrooms and an enclosed back garden. The house on Pound Street in Ballaghaderreen has bee vacant for years and does need a renovation.
