THE average price of a
house in Donegal now stands at €114,000, new figures
reveal.
The statistics show that prices in the county
including Inishowen are now a whopping 58 per cent
lower than they were at the height of the boom.
Donegal prices for the first quarter of this year
are 10 per cent lower than a year ago.
The average asking price nationally is now €177,000,
up 3.5 per cent from the same time last year but
down 53 per cent from the peak.
The figures from Daft.ie show that while prices
continue to rise in Dublin, the prices in the
regions have risen for the first time in seven
years.
The company's economist Ronan Lyons said: “While
those based in the capital will understandably focus
on rising inflation in property prices, perhaps the
more significant development is elsewhere.
"For the first time since 2007, the average asking
price outside Dublin rose on a quarterly basis. This
may be the first indications that a better match is
being found between demand – which will be boosted
by the fall in unemployment - and supply which has
eased back considerably in the last two years.
“This quarter also sees the addition of a measure of
housing market expectations to the Daft.ie report.
This shows that the supply of housing is perhaps the
most pressing concern for those active in the
housing market at the moment.
"In general, expected changes in house prices seem
grounded but any further increases in expectations,
particularly in Dublin, may be a cause for concern.”
Meanwhile, the report shows that the total number of
properties on the Irish market now stands at just
over 33,000. This is down from a peak of 62,000 in
mid-2009. In Dublin, the number of properties
available for sale is below 2,300. According to the
official Property Price Register, there were over
3,800 properties purchased in the last three months
of 2013 within Dublin. |
