A new report shows the average cost of a home is €273,000.
The price of a midlands home has increased by 7%-on-year.
The latest Daft.ie report shows the average cost of a home in the region stands at €273,000
Prices in Westmeath are nearing €300,000, according to the report, while the cost in Laois and Offaly is about €30,000 cheaper, respectively.
Author of the report, Economist Ronan Lyons, says it's a simple case of supply and demand:
The average cost of a newly-built home in the midlands is over €350,000.
Daft.ie's latest report shows Offaly offers the most expensive option for a new house, at €359,000.
While that figure is €357,000 in Westmeath, and €350,000 in Laois.
The report has also found the average price of a home in the region is up nearly 47% when compared to pre-Covid levels.
Mr. Lyons says the lack of supply is driving up prices:
An injection of new housing is needed in the market in the midlands and across the country.
That's the view of the CEO of the Institute of Professional Auctioneers and Valuers, Pat Davitt.
The Castlepollard man says vendors can still look for people who can afford a home without having a mortgage and this can push prices up:
Unmarked Grave Campaign Group Call For Meeting with Taosieach
Court Hears Man Who Killed Father In Laois Hotel Believed He Was Attacking Imposter
Former Detective Demands Higher Gardai Numbers For Community Policing
Aontú Publish New Flood Forecasting Bill
Retired Westmeath Chief Fire Officer Calls For Re-Examining of Beep Test
Laois Actor Settling Roots In West Cork
Local Authorities Will Be Held Accountable On Windfarm Judgement - Eamon Ryan
ODVSS Back NWC Calls To Remove Domestic Abuse Perpetrators From Homes
Fate Of Former Westmeath IPAS Centre In Hands Of OPW - Aengus O'Rourke
Garda ‘Go Safe’ Camera To Be Installed at Midlands Railway Station
Taoiseach Acknowledges Frustration As Laois Refuge Centre Stalls
Westmeath Comedian Shares Journey From Diet Culture To New Stand-Up Show
Offaly IFA Raises Alarm Over Brazilian Beef Imports Row
Westmeath Town To Hold First TEDx Event
Over €20k Raised For Family Of Midlands Nurse After Sudden Passing
Fast Track Citizenship Proposed For Immigrants Serving In Defence Forces
Gardaí Investigating Spate Of Laois Thefts
Westmeath Councillor Wants Short Term Let Planning Exemptions For Self Caterers
Plans For 27-Acre Midlands Soccer Facility Rejected
Laois Senator Rails Against Rent Pressure Zone Legislation