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4% Rise In The Cost Of A Home In The Midlands

Monday, 19 February 2024 14:49

The average three-bed semi would set you back over €230,000.

The price of a home in the midlands jumped by about 4% last year.

The Institute of Professional Auctioneers and Valuers' Residential Property Price Barometer has found the average cost of a three-bed semi in the region is €238,000.

Offaly saw the largest increase in the cost of a home in the region, at 5.3% - the average cost of a three-bed-semi there is €231,000.

Westmeath saw the smallest jump in the midlands, at 3.3%, however it continues to offer the most expensive average price for a home, with a figure of €255,000.

€230,000 is the average cost of a house in Laois, which represents an increase of 4.8%.

Around the country, a figure of €917,000 sets Dublin 4 aside as the most expensive area for a home, while Longford offers the cheapest option, at €165,000.

The private sector of the housing market needs to see an increase in the number of houses built per year, according to IPAV.

CEO of IPAV and Castlepollard, Pat Davitt says a lack of small builders is leading to a lack of new homes being built in rural areas:

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