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House prices rise across Cork...

National

House prices rise across Cork and nationwide

RedFM News
RedFM News

06:40 27 Sep 2021


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House prices have climbed 9% higher across the country compared to the same time last year.

New reports from Myhome.ie and Daft.ie show inflation is down from 13 percent recorded in the second quarter.

According to Myhome.ie, the average house price nationally is now €308,000, while the Daft.ie report has it at €288,000.

Meanwhile a third report by the Real Estate Alliance shows regional and town property prices are increasing at twice the rate as city properties.

Author of the Daft report, Ronan Lyons, says increases in cities outside Dublin aren't as high as at the start of the pandemic.

"We've seen in Cork, Galway, Limerick and Waterford increases of between 3% and 8%.

"3% in Galway, 8% in Waterford, and Cork and Limerick in between on close to 6%.

"What they had witnessed in the early part of the pandemic was a significant shift upward in prices in the middle of 2020 - that's now fallen out of the end of year figures, but it still points to rising prices in those areas."


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