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Fall In Midlands House Prices At End Of 2023

Tuesday, 2 January 2024 06:35

Each county in the region saw at least a 2.5% decrease.

There was an overall fall in house prices across the midlands in the last quarter of 2023.

Only Offaly saw a year-on-year decrease, while both Laois and Westmeath saw increases over the same period, according to Daft's latest report.

House prices decreased by 4.6% in Offaly, 3.6% in Westmeath and 2.8% in Laois in Q4 of 2023.

Westmeath had the highest priced homes, setting you back an average of over €264,000

Offaly and Laois has very little difference between them at €234,417 and €243,087 respectively.

Leitrim is the cheapest county to buy a home, at an average cost of just over €191,000, while South County Dublin is the most expensive at over €659,000.

The average price of a house in the Ireland currently stands at €320,046.

There's hope housing interest rates will decrease before the second half of this year, according to IPAV.

CEO of the Institute of Professional Auctioneers and Valuers, Castlepollard's Pat Davitt, says modular homes could become more popular as a cheaper option:

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