Advertisement

House prices outside Dublin are up

There has been a new and strong increase in house prices outside Dublin. The latest report from p...
Newstalk
Newstalk

06.39 6 Oct 2015


Share this article


House prices outside Dublin ar...

House prices outside Dublin are up

Newstalk
Newstalk

06.39 6 Oct 2015


Share this article


There has been a new and strong increase in house prices outside Dublin.

The latest report from property experts DAFT.ie shows the average asking price nationally rose by 3.9% this summer.

That means home buyers are now typically paying €205,000, compared to €190,000 this time last year.

Advertisement

At their lowest point, house prices around the country fell to €164,000 in early 2013.

The report shows less positive news for Dublin, where the average price fell by 1.4% over the last three months. That is only the second fall in over three years.

Report author Ronan Lyons told Newstalk Breakfast it is a complete U-turn on 2014.

The findings are contained in the property website's latest House Price Report.

DAFT figures show house price fluctuations in recent years

While prices in Dublin fell, prices in other cities rose strongly for the third quarter in a row.

In Cork, prices rose by 6.8%, while in both Galway and Waterford cities there was a 7.2% increase in just three months. The largest increase was in Limerick city, which saw a 7.7% increase in prices between June and September. 

DAFT says the change in financing rules has caused interest to shift to commuter counties, where house prices have risen 14% over the last 12 months. 


Share this article


Most Popular