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Summer Of '69

Sharp Rise In Midlands House Prices

Monday, 19 October 2020 07:45

Laois had the steepest rise on last year.

Residential property prices have increased sharply across the midlands, despite the economic shock of the pandemic -- with a national increase of 4.8 per cent in the third quarter of this year.

Researchers at property listings site Daft.ie say it's an unexpected trend in their data, given elevated rates of unemployment.

Prices in Laois recorded the steepest rise at 9 per cent, followed by Offaly at 8 per cent, and Westmeath with a 5 per cent increase.

But Westmeath still has the highest average house price, at €217,134.

It's €197,166 in Offaly, and €193,336 in Laois.

However the number of homes being sold on the site has fallen to just 17,700 -- down a around a third on last year -- and the lowest level since 2006.

Professor Ronan Lyons from Daft.ie says the market for houses and apartments has had a very dramatic turnaround between July and September:

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