Longford house prices continue to rise

News reporter


News reporter




House prices continue to rise in Longford.

In the year to May, residential property prices at national level increased by 12.4%.

This compares with an increase of 13.5% in the year to April and an increase of 10.9% in the twelve months to May 2017.

Residential properties outside Dublin were 14.1% higher in the year to May, while prices in throughout the rest of the country increased 13.7% over the period.

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The Mid-West region showed the greatest price growth, with house prices increasing 22.1% with the Border region showing the least price growth, with house prices increasing 3.7%. Apartment prices in the rest of Ireland increased 15.5% in the same period.

In Dublin, residential property prices increased by 10.7% in the year to May.
Apartments in Dublin increased 13.5% in the same period and the highest house price growth was in Dublin City, at 14.6%.

In contrast, the lowest growth was in South Dublin, where house prices increased 6.6%.

Overall, the national index is 20.4% lower than its highest level in 2007. Dublin residential property prices are 22.5% lower than their February 2007 peak, while residential property prices in the rest of Ireland are 25.5% lower than their May 2007 peak.

From the trough in early 2013, prices nationally have increased by 77.7%. Dublin residential property prices have increased 91.9% from their February 2012 low, whilst residential property prices in the rest of Ireland are 71.4% higher than the trough, which was in May 2013.