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Midlands Property Prices On The Rise

Friday, 18 December 2020 07:10

Daft.ie says it's down to a drop in supply.

Property prices have increased in the midlands in the last three months of the year,

A new report by daft.ie shows the cost of a house in Laois, Offaly and Westmeath has jumped due to a drop in supply.

House prices have grown by almost 11% in Laois where the average house costs over €192,000.

In Offaly, they're up 10%, with the average home costing €198,000, while Westmeath's has risen by 5.5% - the average is €215,000.

Nationally, prices have risen by 7.4%.

The most recent Daft.ie report shows the number of homes has fallen by 39% in Leinster with less than 3,700 properties for sale - outside of Dublin.

That's down from over 7,000 this time last year.

Author of the report, Ronan Lyons says it's a supply driven increase in prices:

Natrionally, there were 15,400 homes to buy on December 1st - that's the lowest number since August 2006.

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