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Cost of houses in the Midlands growing faster than national average

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House Prices are on the rise
House Prices

House prices in the Midlands are growing faster than the national average.

According to the CSO’s Residential Property Price Index – the cost of buying a home across Laois, Offaly, Westmeath and Longford has grown by over 13 percent in the year up until June.

Nationally, in the same period there has been a rise of 12 percent.

However, the price of owning a home across the country is still almost 20 percent lower than its peak in 2007.

Laois prices keep going up

In July it was revealed that Laois house prices were five percent higher than a year previously, compared to a rise of twelve percent seen a year ago.

The average house price is now €172,000, 66 percent above its lowest point.

The latest REA House Price Index shows that in June of last year, a 3 bed semi in Laois cost nearly 6 percent more compared to March of last year.

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