Average house price in County Leitrim now stands at €97,000

It's a buyers market in Co Leitrim with great value to be found.
The average asking price for a house in County Leitrim during the first three months of 2015 grew by 6 percent compared to the first quarter of 2014. This is according to the latest house price report released today by property website, Daft.ie.

The average asking price for a house in County Leitrim during the first three months of 2015 grew by 6 percent compared to the first quarter of 2014. This is according to the latest house price report released today by property website, Daft.ie.

This is compared to a fall of 7 percent seen a year ago. The average house price in the county is now €97,000, 11 percent above its lowest point.

The average asking price nationwide is now €201,000, the first time since mid-2011 that it has been above €200,000.

This compares with a low of €170,000 in mid-2013 and a high of €378,000 in mid-2007. For the first time in nearly four years, quarterly growth in prices in Dublin was slower than elsewhere in the country.

Prices in Dublin are now 2.9% higher than in late 2014, whereas outside Dublin prices rose by 5.9% in the same three-month period.

This substantial quarterly increase in average prices was consistent across the country. In Cork, prices rose by 7.2%, while in Galway and Limerick they rose by 6.8% and 6.7% respectively.

In Waterford, the increase was 4.9%, while outside the cities the average increase was 5.8%.

Curator of the report, Ronan Lyons said: “Outside Dublin, the Central Bank rules that link mortgages and incomes seem to have had, if anything, a positive impact on prices. The fact that house prices vary across the country by far more than incomes do means demand should reshuffle from Dublin to elsewhere in the country.”