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Published 07:47 18 Jul 2017 BST
Updated 08:44 18 Jul 2017 BST
The report revealed that 12 residential properties worth €1 million or more are sold in Ireland every single week and that, according to the Property Price Register, as many as 1% of properties in Ireland are worth that amount and more.
Of all the 54 different markets in the country – 22 postal districts of Dublin, North, South and West Dublin, the four other cities, and then the 25 other counties (excluding the city areas) – it is little surprise that South County Dublin is the most expensive market in the country, with an average property value of almost €550,000.
Dublin 6, Dublin 4 and Dublin 6W, meanwhile, also have average property values over €500,000, with Dublin 14 also making it into the top five.
At the other end of the scale, the cheapest five markets in the country are concentrated in the North-West.
In Longford, the average property value is €117,000, while in Leitrim, Sligo, Roscommon and Mayo, property values are also €140,000 or less.
The cheapest market in the country is Ballaghaderreen in Roscommon, where the average property value is just €58,000.
You can read the Daft Wealth Report 2017 in full here.Housing crisis in Ireland summed up by these unbelievably bad property listings
Because it’s really really bad. From tiny rooms to homes in need of serious work, some recent property listings have shown just how bleak the housing market has become. It’s not just the eye-watering prices that leave people stunned, but what those prices actually get you. With demand for homes across Dublin, and beyond, continuing […]
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