House prices up by almost €24,000 across Ireland in the last year
Property prices across Ireland rose by 8.1 per cent in the last year, while prices around Dublin increased by 5.7 per cent with the average home in Dublin now costing €404,911. This figure is a whopping €40,628 more than the previous year.
The latest property price figures became apparent after the Government’s new tax incentive scheme for first-time buyers and also due to the loosening of the Central Bank’s lending rules.
According to GeoDirectory, the average house price in Ireland for the year was €250,188 (a rise of €23,739 on the previous year). When Dublin is excluded from these figures, the national property average price falls to €175,782.
The report which uses the database from An Post and Ordnance Survey Ireland estimated vacant houses of 96,243 in June this year, which is 4.9pc of the total stock. The Census reported double the number of vacant properties at 183,312 dwellings as of April last year.