Lack Of Housing Supply Driving House Prices Up By €20,000

However, figures for the midlands have significantly increased on last year.

The lack of housing supply due to the impact of Covid-19 has increased the cost of homes by €20,000.

There were 40 percent fewer homes available to buy at the start of March compared to the same time last year, according to daft.ie.

However, the housing stock greatly improved in the midlands during the same period.

There have been143 transactions involving new homes in the region since January - with Offaly and Laois both recording a rise of 60 per cent on last year, and 20 per cent in Westmeath.

Housing Minister Darragh O'Brien is confident the construction sector will work hard to make up for lost time:

PRICES: Laois and Offaly have both recorded hikes of more than 15 per cent on last year.

Posted by Midlands 103 on Wednesday, 31 March 2021

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