House prices continue to fall in Longford

Aisling Kiernan

Reporter:

Aisling Kiernan

Stock and Flow of Sale Properties
The latest Daft.ie report for the second quarter of this year, indicates that house prices in Co Longford fell a further 5% on the same peroid last year.

The latest Daft.ie report for the second quarter of this year, indicates that house prices in Co Longford fell a further 5% on the same peroid last year.

The average house price in the county now stands at €112,000 - 60% below peak levels.

Commenting on the report, economist with Daft.ie Ronan Lyons said that this was the first time such rapid growth in asking prices had been recorded anywhere in the country for six years. “The underlying cause of rising prices in Dublin is a lack of supply in the capital, while demand has steadily been rising,” he added. “But with conditions still weak in many parts of the country, it is likely that over the next 12-24 months, we may have to get used to the idea of prices rising in some places – particularly in urban areas – while they fall elsewhere.”