Saturday 10 December 2016

Kinsale prices surge by 40pc

Published 22/09/2016 | 02:30

The picturesque port town of Kinsale in Co Cork saw the largest rise in property prices in the country. (Photo by: Universal Images Group via Getty Images)
The picturesque port town of Kinsale in Co Cork saw the largest rise in property prices in the country. (Photo by: Universal Images Group via Getty Images)

The picturesque port town of Kinsale in Co Cork saw the largest rise in property prices in the country.

  • Go To

Average prices shot up by 40pc to €359,000 last year, according to details from the new CSO property index.

The rise in prices in Kinsale - a regular winner of the Tidy Towns competition - was more than €100,000 between July this year and the same month last year.

Dunboyne in Co Meath recorded the second highest price rise, with a surge of 33.3pc in the year to €355,000, a rise of almost €89,000.

But the biggest price fall was found by the CSO to be in Cahir, Co Tipperary. Prices fell by €20,000 in the year to €105,000, a drop of 16pc.

In New Ross, Co Wexford, average prices fell by 11pc or €3,000, to €119,000.

The most expensive local authority area to buy a house is the Dún Laoghaire-Rathdown area of Co Dublin, where in 2015 buyers paid an average of €568,980.

The least expensive county to buy a house in 2015 was Co Longford, where the average price paid was just €79,660.

The most expensive houses are in Dublin 6, which includes Dartry and Rathgar, with an average price of €694,000 this year.

Apartment prices rose by 7.4pc in the year to July.

Residential property prices are now 35pc lower than at their highest level, which was achieved in April 2007.

Fewer properties were sold last year than the previous year. This reverses trends seen in 2013, 2014 and last year.

In the year to July, a total of 36,785 properties were sold.

Irish Independent

Read More

Promoted articles

Editors Choice

Also in Business