Longford remains 'most affordable county' despite property prices rising by €5k

Property prices in Longford have risen by €5,025 during the second quarter of 2025, according to the MyHome Property Price Report.

The report for Q2 2025, in association with Bank of Ireland, shows that the median asking price for a property in the county is now €155,000.

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This means that Longford was the most affordable county in the country in Q2, even though prices have risen by €10,000 compared with this time last year.

Asking prices for a 3-bed semi-detached house in the county stayed steady over the quarter at €145,000. This means that prices in the segment have risen by €5,000 compared to this time last year. 

Meanwhile, the asking price for a 4-bed semi-detached house in Longford fell €2,000 over the quarter to €175,000. This price is up by €10,250 compared to this time last year. 

There were 117 properties for sale in Longford at the end of Q2 2025 – a decrease of 1% over the quarter. 

The average time for a property to go sale agreed in the county after being placed up for sale now stands at nearly two and a half months. 

Conall MacCoille, Chief Economist at Bank of Ireland, said: “President Trump’s announcement of ‘Liberation Day’ tariffs hasn’t been sufficient to dent Ireland’s housing market. The average mortgage approval in May was up 6.7% on the year, while the typical residential transaction is being settled 7.5% above the original asking price.”

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Another factor included loosening of Central Bank mortgage renting rules.

He warned that: “Whatever the outcome for housing completions in 2025, it will fall well short of the 50-60,000 units required. Attention should focus on difficult problems surrounding build costs and the viability of apartment development.”