Sunday 22 September 2019

High prices continue for house buyers

Wicklow remains most expensive county after Dublin

Eimear Dodd

Wicklow remains the second most expensive county to buy a home, according to figures from the Central Statistics Office (CSO).

The Residential Property Price Index for June showed the average cost of buying a home in the Garden County was €349,547 in the 12 months to June 2019. This represented a slight decrease on May's average price of €352,080.

Dublin was the most expensive county to buy a home with buyers who were looking to buy facing an average price of €441,209.

Wicklow continued to be the most expensive county for housebuyers in the mid-east region which includes Kildare, Louth, and Meath.

The index showed that house prices nationwide had increased by two per cent in the 12 months to June 2019. This was at a slightly slower rate than the 2.6 per cent rate in the year to May.

In Dublin, residential property prices rose by 0.1 per cent in the year to June, with house prices unchanged and apartments rising by 0.1 per cent. The highest house price growth in Dublin was in South Dublin at 3.6 per cent, while Dun Laoghaire-Rathdown saw a decline of 4 per cent.

Residential property prices in Ireland excluding Dublin were 3.9 per cent higher in the year to June, with house prices up by 3.6 per cent and apartments by 6.1 per cent.

A63 'Greystones', topped the list of the most expensive areas outside Dublin for housebuyers with an average price of €434,127 while A98 'Bray' came in third place with an average price of €389,892. Further down the list was A67 'Wicklow' which had a median price of €311,309 and Y14 'Arklow' had an average price of €214,756.

Second-hand properties made up the vast majority (82.1 per cent) of the homes purchased in June, an increase of 4.2 per cent compared to June 2018.

Bray People