Midlands 103

Search

Listen Live

On Air Now

9:00am - Noon

Midlands Today

R.E.M.

Losing My Religion

One In Five Homebuyers With Mortgage Approval Unable To Secure A Property

Friday, 24 June 2022 15:45

Research from myhome.ie has found the average cost of a house in the midlands is €200,000.

One in five home buyers with mortgage approval are failing to secure a property due to excess demand.

New data from myhome.ie also shows increases in the cost of homes around the midlands.

Offaly has seen the largest increase in the price of a home in the region, up €18,000 from this time last year to €210,000. There's also been a decrease of housing availability, down 13%.

The average cost of a house in Westmeath is €200,000, up €15,000. There are 7% more homes available in the county than this time last year.

A Laois dwelling is the cheapest in the region at €190,000. This is an increase of €5,000. There are 46% more homes available in the county than the same period in 2021.

Managing Director of myhome.ie, Joanne Geary says, despite the data, housing inflation is beginning to slow:

More from Midlands News

Gardaí Investigating Alleged Shots Fired In Laois

The incident happened on Sunday.
Westmeath Retail Worker Sentenced To Eight Months For Violent Assault

33 year old James McCann of the Dublin Road, Moate is pleading guilty to three counts of assault, criminal damage and two charges of public disorder.
Two Midlands Lotto Players Win Big In Saturday Night Draw

Laois and Westmeath are home to lotto winners after the weekend.
Man Hospitalised After Serious Laois Assault

A man in his 40s has been arrested and is being held at a garda station in Laois.
Gardaí Investigating Arson Attack on Westmeath Sports Centre

The incident took place in the early hours of Thursday morning.
Public Meeting Set To Take Place On Proposed Westmeath Climate Centre

A public meeting on Climate House Ireland's proposal for Moydrum is taking place on June 18th at TUS Athlone.
Offaly Teacher Who Faked Two Pregnancies Avoids Further Jail Time

43 year old Eimear Carroll of Hillside, Seffin, Birr has pleaded guilty to charges of false documents and claiming fraudulent payments amounting to almost €60,000.
HSE Seeks Retention Permission For Coffee Dock At Laois Hospital

A decision is due July 28th.
Offaly Pupils Become Local Stars After Publishing Bestselling Book

Five students from Scoil Mhuire Naofa in Rhode have written 'The Rise of Evan O'Connor'.
Katie Taylor To Fight At Croke Park In September

The Bray woman will take on France's Floria Pill on September 5th.
Offaly Gardaí Renew Appeal For Witnesses To Firearm Incident

It took place at a house in Tullamore in the early hours of yesterday morning.
Cruinniú Na nÓg Returns With Workshops And Events Across Region

The initiative will be taking place across Laois, Offaly and Westmeath
Ukrainian President Seeking Face-To-Face Talks With Vladimir Putin

The Russian President could respond to the letter sent to him this afternoon.
Ireland’s Oldest Person Dies Aged 109

Eileen Hynes lived until the age of 109.
Midlands Hospice Long Overdue - Hospice Fundraising Committee

An Coimisiún Pleanála granted permission for the hospice yesterday.
Westmeath Town Set For First Official Pride Parade This Weekend

The event it taking place in Athlone.
Westmeath Business Wins €15k Award For Supporting Irish Business

Flamers was recognised by Guaranteed Irish.
€1bn Data Centre And Energy Campus Approved For Westmeath

The green light has been given for the proposed facility near Rochfortbridge.
Laois TD Criticises Lack Of EV Charging Infrastructure

The Transport Minister says 24 charging points are planned for Laois.
JFK 50 Mile Challenge Returns To Midlands

The route passes through Westmeath, Meath and Cavan.

Download Our App

Never miss a moment from Midlands 103