Figures releasedthis week by Ireland’s two largest property websites have given a mixed view of how property prices are faring in Louth.
According to Daft,ie, in Louth, prices in early 2014 were 7 per cent higher than a year previously, compared to a fall of 7 per cent seen a year ago. They say that the average house price is now €165,000, 8 per cent above its trough last year.
Their report suggest that Louth is part of burgeoning Dublin commuter belt that is beginning to see the knock-on effect of a resurgent capital.
However MyHome.ie give figures that suggest a stabilisation rather than an increase in house prices in the Wee County.
In an altogether more circumspect report, MyHome.ie say that prices in Louth have in fact gone down 3.6 per cent year on year.
The report states: “Property prices continued to show slight signs of stabilisation in Louth in the second quarter with the price of a 3 bed semi in the county remaining unchanged at €135,000 according to the latest house price survey by MyHome.ie.
“This was the third straight quarter in which prices in the Wee County have remained unchanged and leaves the annual rate of decline at 3.6 per cent.
They say the median asking price of a 4 bed semi in Louth fell by 6.2 per cent, however, to €150,000 – leaving prices €29,000 cheaper than they were this time last year.
Speaking the Dundalk Democrat, PJ Roddy of Laurence Gunne Property says they have seen in a big surge in interest and the number of sales in the market.
“I can’t speak on these various reports, but I can say that on the ground there is a big up swing in inquiries to us and there are a lot more transactions going on.
“There is definitely strong demand in certain area of the market. Demand for three and four housing is strong and we sale in the Carlingford area have also been very strong, from both people from Belfast and from Dublin.
“Louth and Dundalk are definitely well positioned here on the East coast and that’s where you want to be as the Dublin takes off again.
“The Dundalk to Dublin commuter market is making a comeback.”
According to Daft almost 15,000 properties came to market between April and June as the national average asking price rose 9 per cent from the same period last year.
The average asking price nationwide is now €187,000, compared to €171,000 a year ago and €380,000 at the peak.
According to the website “House prices in Dublin have risen 21 per cent in the past year, with the surrounding counties of Meath, Kildare, Wicklow and Louth also experiencing annual price increases of between 6 per cent and 13 per cent.