LOUTH HOUSE PRICE €10K RISE
€200K AVERAGE PRICE HIGHEST SINCE 2011 - STOCK DROPPED 9.5%
HOUSE prices in Co Louth are at their highest levels since the latter half of 2011, with the average asking price for a property in the county now standing at €200,000
Property prices here have risen by €10,000 in the past 12 months, however, the number of properties for sale in the Wee County has fallen by 9.5% in the last year, as stock levels across the country remain an issue.
The figures were released as part of the latest MyHome.ie Property Report in association with Davy.
The annual increase was reflected in relation to the asking price of a 3-bed semi-detached house in Louth, which remained unchanged for the fourth straight quarter in Q1 at €185,000. Despite this, prices were up 5.7% year-on-year from €175,000 a year ago. The asking price for a 3-bed semi in Louth hasn’t been higher since six and a half years ago in Q3 2011 when it stood at €189,000.
The asking price for a 4-bed semi-detached house in the county also rose in the opening quarter of the year by 1.1% to €235,000 - an increase of €2,501. Prices were also 4.4% higher than this time last year when they stood at €225,000.
The latest increase leaves property prices for this house type in Louth at their highest level in seven years, since standing at €240,000 in Q1 2011.