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Property prices still rising

Asking prices for houses across the country are continuing to rise. According to a latest report by...
TodayFM
TodayFM

10:18 AM - 30 Sep 2014



Property prices still rising

News

Property prices still rising

TodayFM
TodayFM

10:18 AM - 30 Sep 2014



Asking prices for houses across the country are continuing to rise.

According to a latest report by MyHome-dot-ie, residential property prices across Ireland increased in the third quarter of this year.

The property website's figures for the third quarter put the average asking price in Dublin at 263 thousand euro - that's up 8 thousand on the previous quarter.

That compares to a national average of 193-thousand euro.

Author of the report, Caroline Kelleher, says it's not just Dublin that is experiencing growth in the sector:

Meanwhile, Dublin is experiencing a serious housing shortage, according to a report on Ireland's housing stock.

The research by GeoDirectory, shows that a high population and lack of stock are major factors adding to the capital's urgent housing needs.

Dublin has the highest number of property transactions in the country, with the highest average transaction price of nearly 321-thousand euro.

Outside Dublin, the next most expensive place to buy a house is Wicklow, followed by Kildare.

GeoDirectory compiled the data using information from the Property Price Register and the CSO Census between June 2013 and June of this year.

Darragh Keogh, CEO of GeoDirectory, says the turnover rate of the housing market is extremely sluggish:



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