House prices in Louth up 11% on last year - average price is now €206,000

Cork and Limerick saw minimal increases of 5.1% and 6.9% in house prices

Tia Clarke

Reporter:

Tia Clarke

Email:

tia.clarke@dundalkdemocrat.ie

iddt for sale

House prices have risen by 11% in Co Louth in 2017

House prices in Co. Louth has gone up by 11% in the last year. The average price for a house in the wee county is currently €206,000.


The figures are according to the latest House Price Report, released by Daft.ie. Prices for properties across Ireland rose by more than €20,000 on average during 2017.


Property prices were stable in the final quarter of the year, which means the average price was almost €241,000 – a hike of 9.2% on last year.

Compared to their lowest point in 2013, prices across the country have risen by an average of almost 47% or just over €76,500.

In Dublin, prices rose by just 0.7% more than prices in Louth, revealing an 11.7% increase.

Meanwhile, other counties such as Cork and Limerick saw minimal increases of 5.1% and 6.9% respectively – meaning Louth is one of the most expensive places to buy a home outside of Dublin.

The country's housing crisis was reflected in the lack of available properties on the Irish market.

There were just over 21,000 properties on the market on December 1, 2017 - 2.6% lower than the same date a year previously.


This means the total number of new properties available has fallen steadily every year for the last 100 months, having been above 62,000 in late 2009.


The average list price and year-on-year change – for major cities in the fourth quarter of 2017 was:

Dublin City: €360,116 – up 11.7%
Cork City: €260,680 – up 5.1%
Galway City: €273,232 – up 8.1%
Limerick City: €176,952 – up 6.9%
Waterford City: €161,087 – up 8.6%


The full report is available from www.daft.ie/report www.daft.ie/report