Midlands Home Costs Well-Below National Average Of €366,000

Wednesday, 26 July 2023 09:16

A new report has found only four counties are offering homes homes below €200,000.

The average home cost just over €366,000 in the 12 months to May.

According to a new report by GeoDirectory, the price of a midlands home was well below the national average, at €244,000.

Offaly offered the lowest average asking price for prospective house-owners at €234,000, followed by €248,000 in Laois and €251,000 in Westmeath.

Longford, Leitrim, Roscommon and Donegal were the only counties with an average price below €200,000.

Dara Keogh - Chief Executive of GeoDirectory - says a number of factors play into the differences across Ireland:

Around 3.5 percent of residential properties in the midlands are vacant.

The GeoDirectory found that's just below the national average of 3.9%.

Westmeath had the highest vacancy rate in the region, at 4.2% - that's followed by 3.7% in Offaly, and 3% in Laois.

The number of derelict properties was highest in the west, with Mayo registering 13.5% of the national total.

Mr. Keogh says the number of vacant properties is at an all-time low:

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