Midlands 103

Search

Listen Live

On Air Now

2:00am - 7:00am

Through The Night

A-Ha

I've Been Losing You

Average Cost Of Home In The Midlands Sitting Just Under €250,000

Monday, 26 September 2022 11:18

That's a 9.7% increase on the same time last year.

The average cost of a home in the midlands stands at just under a quarter of a million euro.

That's a 9.7% increase on the same time last year, according to the latest daft.ie Housing Price Report.

The average cost of a home across each of the midlands counties continues to rise.

daft.ie figures for July to September of this year show Westmeath remains the most expensive in the region at almost €262,000, followed by Offaly at €242,000, and Laois at €239,000.

That's an average increase of almost 10 percent on the same time last year, with Laois recording the steepest rise of 10.5 per cent.

There's been a minimal increase on a quarterly basis though, with the average cost of a home in the midlands increasing by less than 1% (€2,234) from Quarter 2 of 2022.

The number of 'new home transactions' has also jumped from 65 in Quarter 3 of 2021 to 155 this year - with over half of those (93) in Offaly.

daft.ie's new report shows the average price of a home nationally is over €311,500.

The report's author, Ronan Lyons, says house prices have stayed relatively flat as not as many people want to buy:

Mr. Lyon's added that the more homes there are on the market, the easier it is to meet the demand:

More from Midlands News

Bord Na Móna Accused Of "Failing To Maintain" Offaly Parkland

Lough Boora Discovery Park is being described as being in poor condition at the moment.
Westmeath Schools Awarded For Films In Aid Of Mental Health

Students created pieces to promote positive mental health.
Offaly Dental Clinic Passes Inspection With Flying Colours

13 health standards were examined during the inspection.
East And Midlands Second Most Popular Region For Domestic Overnight Stays

The region claimed over 30% of domestic tourists in the final three months of 2023.
Westmeath Air Corps Member Had "Fascination" With Defence Forces

Mourners gathered for the funeral of the Lieutenant today.
Ireland Sees Another Fall In Live Register Figures

In the midlands, the number of people signing on dropped by just over 300.
Laois Gardaí To Focus On Drug Drivers This Weekend

The May Bank Holiday traditionally is a high-risk period for crashes.
Major Hospital Survey Gets Under Way For May

It's taking place across all acute public hospitals in Ireland.
Tara Mines To Reopen Next Month

Workers have accepted a deal brokered through the WRC.
Over €180,000 Of Cocaine Seized By Gardaí

Over 2 kgs of the drug was found during the search.
Heated Debate In Laois Council Chamber Over Live-Streaming Of Meetings

As it stands, members of the public can only attend meetings in public.
Calls To Establish Expert Action Group on Loneliness

The Green Party is calling for measures to be put in place to tackle loneliness.
Sharon Shannon Kicking Off Laois Trad Festival

Laois will welcome many Trad Musicians over the May Bank Holiday weekend.
Gardaí Renew Witness Appeal To Offaly Shooting

The gun was fired in April.
'Go Purple' Today For Victims Of Domestic Abuse

Today marks the fourth 'Go Purple Day' event.
Results Of Ballot To Reopen Tara Mines Due Today

Workers at the mine were temporarily laid off last summer.
Funding Allocated For Proposed Primary Care Centre In Laois

The facility would be located on St Fintan's Campus in Portlaoise.
Drug Related Crimes In Laois See Fall Of 30%

Public order offences in the county also declined.
Government Defends Commitment To Offaly In "Decarbonisation" Agenda

Offaly received €550,000 in the most recent allocation.
'If It Works, Don't Fix It' - Chris MacManus On 'Triple Lock Approach'

The Government is proposing to change the Triple Lock approach to deployment.

Download Our App

Never miss a moment from Midlands 103