Every Irish county has seen house prices increases this year.
The average price of a house in Ireland has reached almost €350,000, with an increase of 3% in the last three months alone.
The 2024 Q3 report from Daft.ie revealed that the national average house price stands at €344,828, with Clare seeing the largest increase of 10.2%, now standing at nearly €270,000.
Other counties which have seen big increases this quarter include Cavan (9.9%), Tipperary (9.6%) and Sligo (9.5%).
Kilkenny saw the smallest increase at 0.7%, with an average house price in the county standing at €267,295.
New report reveals Irish county with largest increase in house prices
Longford (€203,863), Leitrim (€206,857), Roscommon (€219,023) and Sligo (€226,352) are the least expensive counties in Ireland to buy in.
South County Dublin (€708,464), South Dublin City (€498,533), Wicklow (€430,185) and North Dublin City (€428,775) are the most expensive areas to buy in.
According to Ronan Lyons, Associate Professor of Economics at TCD, the figures “give further support to the suspicion that the recovery of the second-hand market in Ireland from the double hit of the early 2020s is likely to take time as the true number of homes needed each year, if the housing deficit is to be addressed is close to twice what was built last year.”
During the Covid pandemic, available homes in the market dropped from 24,000 (2015 – 2019) to below 12,400 by April 2021.
The second-hand market recovered in 2022, rising to 65,000 available homes on the market up to February 2023.
However, numbers have dropped once again, with just over 51,000 second-hand homes put on the market in the year to September 1 this year.
“Across the country as a whole, the fall in the flow of existing properties onto the market is down almost 20% since early 2023,” the report reads.
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