Housing shortage leads to an average 14% rise in house prices

Housing shortage leads to an average 14% rise in house prices

The average asking price for a house in Ireland has risen by 14% over the past year and now stands at €195,000.

A new report by Daft.ie, shows the largest increases were in Dublin where the average asking price is now 25% higher than this time last year.

However, there have also been significant increases recorded in Louth (14%), Meath (15%), Kildare (19%), Wicklow (20%), Cork (11%) and Galway (13%).

Limerick city has seen asking prices fall by 4% during the past year.

Economist and Author of the report Ronan Lyons says a shortage of houses is the main reason why prices are continuing to increase.


More in this Section

FG and FF set to ‘love-bomb’ GreensFG and FF set to ‘love-bomb’ Greens

Alan Kelly becomes Labour party leaderAlan Kelly becomes Labour party leader

Northern Ireland in line for five million items of PPE from LondonNorthern Ireland in line for five million items of PPE from London

'We have other lines,' says Tony Holohan as doctors urge Govt to come clean over PPE supplies'We have other lines,' says Tony Holohan as doctors urge Govt to come clean over PPE supplies


Lifestyle

With documentary film ‘Fantastic Fungi’ set to take the world by storm, Joe McNamee looks at the fabulous world of mushroomsDocumentary explores the magic of mushrooms

I lead a very busy life — I’m a mature student in college — and I separated from my partner but the separation was my decision. I hate myself when it beckons as it ultimately makes me fatter, it has the reverse effectDear Louise: I had my bulimia under control. But the demon has returned

This year has been particularly difficult and stressful, and I think that’s an even more important reason to make time for your health.Derval O'Rourke: Resistance is far from futile and necessary

Best-selling author Faith Hogan is keeping the faith during the lockdown, thanks to her Moy Valley haven in Ballina, Co Mayo.Shape I'm in: Keeping the Faith during lockdown

More From The Irish Examiner