House prices have risen by 19 % in Leitrim

Claire McGovern

Reporter:

Claire McGovern

House prices have risen by 19 % in Leitrim

House prices have risen by 19 % in Leitrim while nationally there was an average increase of 7.6% in the year to September 2016, according to the latest House Price Report released today by Ireland’s largest property website, Daft.ie.
In Leitrim, prices between July and September 2016 were 19% higher than a year previously, compared to a rise of 5% seen a year ago. The average house price is now €120,000, 40% above its lowest point.
While annual inflation in Dublin at 5.3% remains significantly below the rate elsewhere in the country (9.3%), the new figures show a change in the Dublin market, where inflation had been below 3% for a year.
The national average asking price in the third quarter of 2016 was €221,000, compared to €205,000 a year ago and €164,000 at its lowest point. In Dublin, prices have risen by an average of €102,500 – or 46.5% - from their lowest point in mid-2012. Outside the capital, the average increase has been €48,600, or 36%, since the end of 2013.