House Prices Outside Dublin Surge by 4.5%: Discover the Hottest Real Estate Markets!



The housing market in Ireland has witnessed a steady growth over the past year, with house prices outside Dublin experiencing a particularly significant increase of 4.5 percent.

A-2

The housing market in Ireland has witnessed a steady growth over the past year, with house prices outside Dublin experiencing a particularly significant increase of 4.5 percent. These figures, as reported by the Central Statistics Office (CSO), highlight a trend that suggests a shift in focus towards areas beyond the capital.

House Prices Outside Dublin Surge by 4.5%: Discover the Hottest Real Estate Markets!

Nationwide, the cost of owning a home rose by 2.2 percent during the 12-month period ending in June this year. The median or mid-point price for residential properties across the country stood at €318,000, demonstrating a robust market performance overall.

According to the Residential Property Price Index (RPPI), Dublin bucked the national trend with a slight decline of 0.9 percent in house prices. Within the capital city, house prices dropped by 1.1 percent, while the decline for apartments was moderate at 0.2 percent. These figures indicate a cooling off of the property market in Dublin, creating an opportunity for home buyers to explore alternative areas.

In contrast, areas outside Dublin experienced a considerable surge in house prices, reaching a remarkable 4.5 percent growth over the same period. This trend could be attributed to a multitude of factors, including a desire for more affordable living, increased remote working options, and improved accessibility to amenities outside major cities.

Examining specific regions across Ireland, the lowest median house price recorded during the 12 months leading up to June 2023 was €160,000 in Leitrim and Longford. On the other hand, the Dun Laoghaire-Rathdown region boasted the highest median price at €630,000. These diverging figures reflect the varying dynamics within the Irish property market.

Viacheslav Voronovich, a statistician in the CSO's prices division, shed light on the contrasting trends observed within Dublin. While south Dublin saw a notable 2.8 percent increase in house prices, Dublin city experienced a decline of 3.8 percent. This discrepancy further emphasizes the importance of carefully selecting the desired location when making property investments.

As the demand for housing outside Dublin continues to grow, it presents an opportune moment for potential buyers to explore alternative locations. By considering areas offering more affordable options, improved quality of life, and proximity to essential amenities, individuals can make astute investment decisions.

A-3

Investing in properties outside the high-demand city centers not only allows buyers to escape the escalating prices of Dublin but also opens up the potential for significant long-term gains. As mentioned earlier, the recent increase of 4.5 percent in house prices outside Dublin suggests an upward trajectory that should not be overlooked.

In conclusion, the latest figures from the Central Statistics Office indicate that house prices outside Dublin have experienced a considerable increase of 4.5 percent, while Dublin itself saw a slight dip of 0.9 percent. The median price for homes across Ireland reached €318,000, showcasing the general strength of the housing market. Buyers should take advantage of the opportunities presented by the thriving regions outside of Dublin, where lower prices and promising returns await. As the real estate landscape continues to evolve, it is crucial for potential buyers to carefully evaluate their options and make informed decisions.

House Prices Outside Dublin Surge by 4.5%: Discover the Hottest Real Estate Markets!

Support Ogusyis by making a contribution – no matter how small.


Enter your amount
£
Enter your amount
£
Enter your amount
£
Yourname
Email
Phone

AD4


Portugal: Extra Taxes for Holiday Rental Property Owners

Property owners in Portugal face increased Municipal Tax on Onerous Property Transfers for turning homes into holiday rentals.

Property owners in Portugal face increased Municipal Tax on Onerous Property Transfers for turning homes into holiday rentals.

Read more

Rental Homes in Switzerland Drop 28% in 2 Years

Discover the latest findings from the Swiss Real Estate Association on the significant decrease in available rental properties in Switzerland over the past two years.

Discover the latest findings from the Swiss Real Estate Association on the significant decrease in available rental properties in Switzerland over the past two years.

Read more

Controlling personal finance and budgeting app

Australia: Unveiling Regional Queensland’s Lucrative Property Investment Potential

Explore why Regional Queensland stands out in the most promising real estate markets in Australia, offering high rental yields, affordability, and robust capital growth prospects.

Explore why Regional Queensland stands out in the most promising real estate markets in Australia, offering high rental yields, affordability, and robust capital growth prospects.

Read more

Real Estate Auction Sales Surge by 50% - Are Risks Worth the Rewards?

Discover why real estate investors are flocking to auctions, but heed the warning of a property solicitor to avoid costly mistakes.

Discover why real estate investors are flocking to auctions, but heed the warning of a property solicitor to avoid costly mistakes.

Read more

Buy Land & Vacant Lots on Easy Monthly Payment Plans

Potential Drop in Mortgage Rates in Spain Brings Good News for Homeowners

Stay informed on the latest developments as variable rate mortgage rates in Spain may soon see a decrease, offering relief to homeowners. Euribor at 3.503%.

Stay informed on the latest developments as variable rate mortgage rates in Spain may soon see a decrease, offering relief to homeowners. Euribor at 3.503%.

Read more

Foreigners Spend 39% More on Real Estate in Portugal Despite Recent Decline

Discover why foreigners are still investing in Portuguese property, even after the end of key residency and visa programs.

Discover why foreigners are still investing in Portuguese property, even after the end of key residency and visa programs.

Read more

Buy Land & Vacant Lots on Easy Monthly Payment Plans

Spain House Prices to Rise by Up to 3% by End of 2024

Stay informed on the latest trends in Spain real estate market as house prices are projected to increase by up to 3% by the close of 2024.

Stay informed on the latest trends in Spain real estate market as house prices are projected to increase by up to 3% by the close of 2024.

Read more

Netherlands Rental Housing Supply Dwindles as New Contract Rents Skyrocket

Discover the latest trends in the Netherlands rental market as supply decreases and rents for new contracts reach unprecedented heights.

Discover the latest trends in the Netherlands rental market as supply decreases and rents for new contracts reach unprecedented heights.

Read more

Portugal’s Housing Market Sees 18.7% Decline in Sales

Dive into the latest report by the National Statistics Institute revealing a sharp 18.7% drop in house sales in Portugal, hitting a low not seen since 2017.

Dive into the latest report by the National Statistics Institute revealing a sharp 18.7% drop in house sales in Portugal, hitting a low not seen since 2017.

Read more

Copyright © Ogusyis. All rights reserved. The Content may not be copied, distributed,  republished, uploaded, posted or transmitted in any way without the prior written consent of Ogusyis.