Midlands 103

Search

Listen Live

On Air Now

3:00pm - 7:00pm

Drivetime

Katy Perry

Last Friday Night (T.g.i.f.)

Midlands House Prices Jump By Average Of €10,000 In Last Three Months

Monday, 27 June 2022 10:30

However, a new report from daft.ie does show some signs that inflation easing.

The cost of a home in the midlands has risen by an average of €10,000 since the first quarter of this year.

However, a new report from daft.ie does show some signs that house price inflation could ease for the rest of the year.

The average cost of a home in the midlands is currently over €245,000, according to the property website.

Westmeath has recorded the highest quarterly increase of 4.5 per cent to an average of over €262,000.

There was 3.6 per cent rise in Laois to just under €236,000 - and in Offaly, the average house price is up 2.3 per cent to almost €237,000.

Across the midlands, house prices cost an average of over €26,000 - or 12 per cent - more now, compared to this time last year.

The number of homes advertised for sale on the site has increased from €10,000 to €12,400 in the past three months.

Author of the report, Ronan Lyons says a mixture of increased supply and lower demand, partly due to higher interest rates, could cause inflation ease over the next few months.

More from Midlands News

40 New Jobs On The Way To Laois

It's part of a €6m investment.
Westmeath Psychotherapist Warns Of Gambling Addictions

He is sharing his own experience to raise awareness.
Katie Taylor Fight In Croke Park Sold Out

Thousands queued this morning for a chance to get tickets.
Sunshine Is On The Way For The Midlands

It comes after a wash out week of rain and wind.
SIPTU Call For 'Full Answers' On Midlands College Closure

SIPTU say transparency is needed around the phased closure of Carlow College.
Westmeath Community Project Launching Strategic Plan Today

Women's Community Projects Mullingar is launching their plan from 2026 to 2030 today.
New Road Safety Campaign For Midlands Summer Events

Interactive breathalysers called ‘FlineBox’ machines will be in place.
Former Laois-Offaly Garda Sergeant Joins Muintir Na Tíre

Muintir na Tíre works to develop community safety solutions.
Laois Accused Told Gardaí He Hit Deer After Fatal Collision

The trial will resume on Friday.
Business Leaders Meeting In Laois

Event organisers wasnt to help businesses develop stronger relationships across the county.
Midlands Landscaper Granted Bail In Drug Case

He is being charged with cultivating cannabis.
Laois Leisure Centre Calls Gardaí Over Group's "Disgraceful Behaviour"

Laois Leisure in Portlaoise is withdrawing is offer of complimentary access to students sitting exams.
El Nino Officially Begins

Offaly's Cathal Nolan from Ireland's Weather Channel says the worst we can expect here is localised flooding.
Renewable Energy Generation In Offaly Needs To Be Honoured In New Targets - Tony McCormack

The Offaly TD wants the county's work to be considered in new targets set by the Housing and Energy Ministers.
Longford -Westmeath TD Calls For Government Energy Credits To Be Brought Forward

Sinn Féin's Sorca Clarke feels the measure is needed for those who can't afford their electricity bills.
Recruitment Underway For New Normal Store In Westmeath

Danish retail chain Normal is advertising jobs for a new store in the Athlone Town Centre.
Enoch Burke To Face Teaching Council Inquiry

Mr Burke is seeking to make an application to stop the inquiry from going ahead.
Offaly TD Demands Local Authorities Be Afforded Stronger Powers To Tackle Anti Social Behaviour

Offaly TD Tony McCormack is raising the issue with the Housing Minister.
Investigation Still Underway Into Irish Produced Alumina

Longford Westmeath TD and Enterprise Minister Peter Burke says the full facts into the material is needed.
Listen: Offaly Band JigJam Take On Nashville

They blend bluegrass and Americana music.

Download Our App

Never miss a moment from Midlands 103