No re­lief for house buy­ers as prices con­tinue to rise


Wicklow People (West Edition) - - FRONT PAGE - By EIMEAR DODD

WICK­LOW re­mains the sec­ond most ex­pen­sive county to buy a home, ac­cord­ing to fig­ures from the Cen­tral Sta­tis­tics Of­fice (CSO).

The Res­i­den­tial Prop­erty Price In­dex for June showed the av­er­age cost of buy­ing a home in the Gar­den County was €349,547 in the 12 months to June 2019. This rep­re­sented a slight de­crease on May’s av­er­age price of €352,080.

Dublin was the most ex­pen­sive county to buy a home with buy­ers who were look­ing to buy fac­ing an av­er­age price of €441,209.

Wick­low con­tin­ued to be the most ex­pen­sive county for house­buy­ers in the mid-east re­gion which in­cludes Kil­dare, Louth, and Meath.

The in­dex showed that house prices na­tion­wide had in­creased by two per cent in the 12 months to June 2019. This was at a slightly slower rate than the 2.6 per cent rate in the year to May.

In Dublin, res­i­den­tial prop­erty prices rose by 0.1 per cent in the year to June, with house prices un­changed and apart­ments ris­ing by 0.1 per cent. The high­est house price growth in Dublin was in South Dublin at 3.6 per cent, while Dun Laoghaire-Rath­down saw a de­cline of 4 per cent.

Res­i­den­tial prop­erty prices in Ire­land ex­clud­ing Dublin were 3.9 per cent higher in the year to June, with house prices up by 3.6 per cent and apart­ments by 6.1 per cent.

A63 ‘Grey­stones’, topped the list of the most ex­pen­sive ar­eas out­side Dublin for house­buy­ers with an av­er­age price of €434,127 while A98 ‘Bray’ came in third place with an av­er­age price of €389,892. Fur­ther down the list was A67 ‘Wick­low’ which had a me­dian price of €311,309 and Y14 ‘Ark­low’ had an av­er­age price of €214,756.

Sec­ond-hand prop­er­ties made up the vast ma­jor­ity (82.1 per cent) of the homes pur­chased in June, an in­crease of 4.2 per cent com­pared to June 2018.

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