Midlands 103

Search

Listen Live

On Air Now

Noon - 3:00pm

The Afternoon Show

R.E.M.

Man On The Moon

Daft Report Shows 5% Increase In Midlands House Prices

Monday, 30 September 2024 07:25

The average cost of a home in the region now stands at €272,000.

House prices in the midlands have risen by 5% year-on-year.

The average price of a home in the region is €272,000, according to the latest report by Daft.ie.

Westmeath house prices saw a rise of 6% year-on-year in the third quarter quarter of 2024 - the average cost of a home in the county now stands at €292,000.

While the average house in Offaly will set you back €267,000, and €257,000 in Laois.

The average price nationally stands at just under €350,000, a rise of just over 6% since this time last year.

The most expensive place to buy a home is in Dublin, where prices rose by 4.1% cent between June and September.

The report found the number of homes coming on to the second-hand market remains very weak, which is pushing up prices.

There's been a fall in the cost of a one-bed apartment in the midlands.

Daft.ie's latest report shows Laois saw the biggest decrease in the region, at 6%.

Offaly recorded a fall of 3%, while there was a 1.3% drop in Westmeath in the third quarter of the year.

The average cost of a one-bed apartment in the midlands is now around €98,000.

However, the price of a house in the region rose by 5% year-on-year, and stands at around €272,000.

Author of the report, Ronan Lyons, says the market is being squeezed by the lack of supply:

More from Midlands News

Government To Support Workers Affected By Fastway Receivership - Peter Burke

Nuvion Group's receivership will affect 300 jobs.
Major Oil Spill In Offaly

The spill runs from Ferbane Town all the way to Lusmagh.
Growing Industry Driving Rise In Property Prices - Laois Auctioneer

The median price of a house in Portlaoise has significantly risen.
Half A Million Granted For Midlands Outdoor Recreation Projects

Nature and tourism amenities in Laois, Offaly, and Westmeath are in line for new funding.
New Objection To Midlands Hospice Site In Offaly

The objection comes from the Offaly Hospice Foundation.
Developers To Address Oireachtas On Housing Challenges

Three major developers will address the committee this afternoon.
Westmeath Residents Move Against Major Housing Development

The 125 home plans are being appealed by residents in Kinnegad.
Median House Prices Rise In Midlands

The highest increase of 23% came in Laois according to Geowox's Q3 report.
Literary Festival Kicks Off In Laois Tomorrow

Leaves Festival of Writing and Music will run until this Saturday.
New Entrance To Laois Shopping Centre Gets Green Light

Planning permission was granted at the end of last month.
Midlands Winners For Family Carer Of The Year Announced

Three winners from each county have been crowned.
INTO Survey Reveals Job Vacancies In Over Half Of Special Schools

56% of special schools have job vacancies in new findings by the INTO.
Offaly Mother Raises Almost €2k for Down Syndrome Ireland

Clara's Amy Rickard undertook the Purple Run last month for her nine month son Caelan.
Laois TD Urges Stronger Support For Tillage Sector

Brian Stanley is echoing concerns by the IFA that financial supports should be higher.
Midlands Agricultural Land Prices Surge 10% In A Year

That figure has increased by 30% since 2020.
People Weren't Happy With The Choice - Spoil The Vote Campaign

213,000 votes were spoiled from the presidential election.
Cannonball Ireland Raises Over €2.2m For Children’s Charities

The Cannonball is in it's 15th year.
Plans Submitted To Revive Fire Damaged Café In Laois

The Coffee Pot has been closed for over three years due a fire.
Gardai Seek Help In Locating Hijacked Car In Midlands

A blue Kia Sorento Estate is alleged to have been taken in Roscrea yesterday.
Ryanair CEO Pleased With Jump In Profits

Profits surged during a six month period this year.

Download Our App

Never miss a moment from Midlands 103