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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.

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