Midlands 103

Search

Listen Live

On Air Now

6:30am - 9:00am

Breakfast with Peter Dunne

Mike Oldfield

In Dulci Jubilo

House Prices Reach €300k For First Time Since 2007

Monday, 25 September 2023 09:43

By Kamron Clarke @kamron_clarke

The cost of a home in midlands is substantially less than the national average, at €252,000.

The average cost of a home in the midlands has once again risen.

According to the REA's Average House Price Index for Q3, the average three-bed semi in the region will set you back €252,000, an increase of 1% compared to the second quarter of the year.

Offaly continues to offer the best value for prospective home buyers in the midlands, with a €218,000 euro price tag.

That's followed by €260,000 in Laois, and €280,000 in Westmeath.

Nationally, the average cost of a home has breached €300,000 for the first time since 2007.

Nearly a fifth of house sales in the midlands in the third quarter of the year were a result of landlords leaving the market.

That's one of the findings of the REA's latest Average House Price Index.

Over a third of sales came from outside their respective counties.

Portlaoise Auctioneer Seamus Browne says Laois and Offaly in particular are among the strongest counties in the country in terms of new build projects:

More from Midlands News

Anti-Racism Funding Granted For Offaly And Westmeath Groups

ODVSS and the International Disapora Forum will get funding for their services.
Justice Minister Wants People To Come Forward Over Offaly Arson Attack

Two people have lost their lives after Saturday night's fire.
Gardaí Begin Murder Investigation After Child And Woman Dies In Offaly House Fire

Investigators believe the fire was caused deliberately.
Ashling Murphy Murder "Wrongly Accused" Granted Bail Over Theft Charge

Radu Floricel’s solicitor has been outlining his struggles with mental health since 2022.
Young Boy And Woman Killed In Offaly House Fire

The incident took place shortly before 8pm on Saturday night.
Laois Makeup Artist Warns Of Expired Suncream Dangers

6 in 10 people are willing to ignore the "open jar" symbol on packaging in new findings by the HPRA.
Lynx and Wolves In Ireland Pose Minimal Threat - Offaly Biodiversity

A new study shows only 32% of 10 to 11 year olds want lynx back in Irish habitats.
€4.5m Going To Midlands Suckler Farmers

It's part of the Suckler Carbon Efficiency Programme.
Westmeath Writer Nominated Posthumously For Award

Manchán Magan’s last book published weeks before his death.
Seven Midlands Hotels Nominated For Gold Medal Hotel Awards

Hotels across Laois, Offaly and Westmeath have secured a collective 23 nominations.
Cabinet Approves Major Expansion Of Midlands Garda HQ And Prison

250 new prison places are set to be added.
Memorial Day Honouring Ashling Murphy Takes Place In Offaly

The event kicks off at 10am in the Bridge Centre in Tullamore tomorrow.
Midlands Town Left Shocked After Death Of Young Woman

Mullingar's Annmarie Alice McLoughlin passed away on Wednesday.
Concerns Highlighted On Drones Spotted Ahead Of Zelenskyy Visit

Defence expert, Mullingar's Declan Power believes it's troubling ahead of Ireland's EU Presidency next year.
€6m Westmeath Lotto Jackpot Winner Comes Forward

Arrangements are now in place for the winner to collect their prize fund.
Israel’s Participation Sparks Eurovision Withdrawals From Ireland And Others

More countries could potentially join them.
Teachers Union Calls For More Permanent Posts Amid Recruitment Challenges

The cost of living crisis is one of the major reasons for the call.
Offaly Garda To Receive Bronze Medal And Bravery Award

Offaly Garda David Nolan will be the recipient.
Laois TD Questions Effectiveness Of Utilities Commission In Regulating Uisce Éireann

Deputy Sean Fleming is raising the concerns.
€6m Lotto Jackpot Ticket Sold In Mullingar

The winner is the 9th Lotto winner of the year.

Download Our App

Never miss a moment from Midlands 103