Waterford and south east property prices on the rise

The newly released Residential Property Price Index June 2023, show house prices in Waterford and counties in the South East have risen by 5.5% in the last 12 months, the sharpest increase in the country.

The second highest increase was in the mid-west, where prices rose by 5.3%, followed by the mid-east at 5%. Prices in Dublin decreased by 0.9%.

Nationally, the residential property price index increased by 2.2% in the 12 months to June 2023.

According to the report, 4,025 dwelling purchases by households, at market prices, were filed with the Revenue Commissioners, which was down by 1.7% compared with the 4,094 purchases in June 2022.

The median price of a dwelling purchased in the 12 months to June 2023, was €318,000.

The lowest median price for a house in that period was €160,000, in Leitrim and Longford, while the highest median price was €630,000 in Dún Laoghaire-Rathdown.

The most expensive Eircode area over the 12 months was A94 ‘Blackrock’ with a median price of €735,000, while F35 ‘Ballyhaunis’ had the least expensive price of €127,500.

The national index has now reached the value of 166.9, which is 2.1% above its highest level at the peak of the property boom in April 2007.

The original article can be found here