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Average asking price for a house in Ireland increases by 14%

The average asking price for a house in Ireland has risen by 14% over the past year and now stand...
Newstalk
Newstalk

07.26 6 Oct 2014


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Average asking price for a hou...

Average asking price for a house in Ireland increases by 14%

Newstalk
Newstalk

07.26 6 Oct 2014


Share this article


The average asking price for a house in Ireland has risen by 14% over the past year and now stands at 195,000 euro.

A new report by Daft.ie, shows the largest increases were in Dublin where the average asking price is now 25% higher than this time last year.

However, there's also been significant increases recorded in Louth (14%), Meath (15%), Kildare (19%), Wicklow (20%), Cork (11%) and Galway (13%).

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Limerick city however has seen asking prices fall by 4% during the past year.

The report also surveys the sentiment and expectation of over 1,000 potential home buyers across the country, with respondents in Dublin stating that they expected prices to continue rising over the next twelve months by an average of 12%.  

Economist and Author of the report Ronan Lyons says a shortage of houses is the main reason why prices are continuing to increase:


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