Drop Down Menu
  Business Directory Ad  


Donegal average house price now €140,000 03.01.17

DONEGAL house prices have risen by 11% with the average asking price now at €140,000, new figures show.
The latest survey from Daft.ie coincides with the opening today of the Help-to-Buy scheme for first time buyers.
The new scheme will allow new buyers to claim a rebate of already-paid income tax up to a maximum of €20,000, depending on the value of the property.
The new Daft.ie figures, meanwhile, show that the Donegal house price rise, taken in the last three months of 2016, is 3% higher than the national average.
The survey reveals that house prices rose countrywide by an average of 8% last year with the national average asking price now sitting at €220,500.
The rate of inflation in Dublin was 5.1% while outside the capital the rate was 10.1% - down slightly from 13.1% a year ago.
Price Inflation in Connacht-Ulster generally was 12%.
The leading property website said there was a "noticeable fall-off" in the total number of properties for sale nationwide in the final three months of the year.
There were just under 21,800 properties for sale in December, compared to almost 25,500 the same month in 2015.
This is the lowest national total since January 2007 and marks a fall of two-thirds from a peak of 63,000 in late 2008.
Report author, economist Ronan Lyons, said: “Overall, the market continues to be characterised by strong demand, albeit limited by Central Bank rules, coupled with very weak supply – both of new and second-hand homes. This year has seen a number of measures that will serve to stimulate demand in the years ahead. Hopefully next year, the focus will be on supply.”
Ronan Lyons.
Current average house prices in the main cities:
Dublin: €322,302 – up 5.1%
Cork: €248,011 – up 9.2%
Galway: €252,699 – up 13.0%
Limerick: €165,586 – up 14.0%
Waterford: €148,298 – up 14.6%
Add to Favorites :: Return to > Top Stories    > News    > Home