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Midlands House Prices Soar By 5% Year-On-Year

Tuesday, 26 March 2024 06:38

The latest Daft report shows the average price of a home in the region is over €250,000.

Houses prices in the midlands saw a near 5% increase year-on-year.

The latest report from Daft has found the average asking price for a home in the region is nearly €260,000

A €278,000 price tag paints Westmeath as the most expensive county in the region for a home.

That figure is also a 6.5% increase on this time last year.

Offaly sees a significantly reduced number of €250,000, which represents a jump of 2.8%, among the smallest increases in the country.

While Laois continues to offer the cheapest option for a home in the midlands, but only marginally less than Offaly, with an average asking price there of €248,000

The Capital remains the most expensive county in the country for a house at €415,000, while Longford is the cheapest, with an average price tag of €197,000.

The report also found the number of houses available to buy across Ireland is the lowest its been in 17 years. 

Only 10,500 properties were on the market on March 1st, a 24% drop on the same date last year. 

The lack of supply means prices are still rising, and they're rising at a faster pace outside of Dublin than in the capital, with growth of 10% in cities like Waterford and Limerick, compared to 3.2% in Dublin. 

Economist and author of the report Ronan Lyons expects that will continue:

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