independent

Thursday 19 July 2018

House prices up 3% on mid 2017 across Louth

House prices nationally rose by 2.7% during the second quarter of 2018, according to the latest House Price Report released today by Ireland's largest property website, Daft.ie.

Meanwhile in Louth, prices in the second three months of 2018 were 3% higher than a year previously, compared to a rise of 17% seen a year ago. The average house price is now €217,000, 70% above its lowest point.

Commenting on the figures, Ronan Lyons, economist at Trinity College Dublin and author of the Daft.ie Report, said: 'Ireland's sales market for housing remains one of strong demand and relatively weak supply. That said, there are signs - in particular from the Dublin market - that new supply is having an effect, with increased availability on the market and a slowdown in inflation.

He added: 'While the increase in new homes built is welcome, it is predominantly in the form of housing estates. Almost all the new homes needed in the country are urban apartments, so the mix of supply remains a challenge for policymakers.'

The Argus

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