Housing prices nationally rose by 2.9% during the first three months of 2019, according to the latest Daft.ie House Price Report released today by Ireland’s largest property website, Daft.ie. The national average price in the first quarter of the year was €261,000, up 5.9% on the figure for the same period last year, an increase of €15,000 on average. It is the 22nd consecutive quarter that the national average price was higher than a year ago.
In Mayo, prices in the first three months of 2019 were 7% higher than a year previously, compared to a rise of 3% seen a year ago. The average house price is now €156,000, 40% above its lowest point.
In Galway county there is a 4% increase to an average of €201,542; in Sligo prices are up 7.3% to an average of €142,936 and in Roscommon prices have seen a 9% increase to an average of €145,652.
Prices also rose strongly in the four other main cities, with increases of 2.5% in Cork and 3.4% in Galway, between December and March. Limerick (3.6%) saw the largest increases of all the cities, while outside the cities, prices rose by 2.5% on average.
In Dublin, prices in the first three months of 2019 were 4% higher than a year previously, compared to a rise of 8% seen a year ago. The average house price is now €383,000, 74% above its lowest point. In Dublin, prices reached their lowest point in the second quarter of 2012 and have risen by an average of 74% - or €163,000 - since that time. In four Dublin postal districts, prices have doubled in that time
The number of properties available to buy on the market nationwide was just over 22,500 in March, up 11% year-on-year. This increase is being driven by Dublin, where availability is up 40% year-on-year, and to a lesser extent other urban areas and the rest of the Greater Dublin area. In Munster, availability is largely unchanged, while in Connacht-Ulster, stock on the market is still falling.