A big increase.
A recent report has shown that property prices around Ireland have increased sharply over the past year.
The report from Ireland’s largest property website Daft.ie shows that outside of Dublin, there’s been a significant increase in the asking prices of houses over the past three months.
Housing prices have increased 14% in Galway compared to the same period last year, meanwhile in Limerick they increased 15.2% and Waterford 17.4% in the last 12 months.
The report showed that property prices in Dublin remain reasonably stable in Dublin rising just 1.1% in the last year compared to an average of 10.2% outside the capital.
Throughout Ireland, including Dublin, housing prices rose by an average of 6.3%.
Commenting on the figures, Ronan Lyons, economist at Trinity College Dublin and author of the Daft.ie Report, said: “While supply pressures have eased slightly in the last three months, the overall dynamic in the housing market currently is one of very strong demand pulling up prices.
“In Mayo and Roscommon, for example, average prices have increased by roughly 10% since the start of the year.
“The obvious exception to this is Dublin, where Central Bank rules have linked house prices to the real economy. What we are seeing in the capital is buyers seeking out good-value locations.
“Whereas prices are now falling in year-on-year terms in markets like Dublin 6 and South County Dublin, they are rising by roughly 5% a year in areas like Dublin 10, Dublin 11 and Dublin 12.”
You can read the full report here.
LISTEN: You Must Be Jokin’ with Aideen McQueen – Faith healers, Coolock craic and Gigging as Gaeilge
