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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:

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