Dundalk as it Happens
Property prices in Louth increasing by €10,000 every six months
The cost of purchasing a home in Co Louth is increasing by €10,000 every six months.
That’s according to a new report from property website MyHome.ie, in association with Davy, which shows that the median asking price for a three bed semi-detached property has increased from €165,000 this time last year to €185,000 now.
That represents an annual increase of 12.12% with prices also increasing by €10,000 in the last quarter, jumping 5.71% from €175,000 to €185,000.
Prices for a 3 bed in Co Louth are now at their highest level since the end of 2011.
The price of a 4 bed semi-detached house has also increased by €20,000 in the last year from €205,000 to €225,000.
While prices were unchanged in the latest quarter, they were 9.76% up year-on-year and are now at their highest level in six years.
The price of a 2 bed apartment is also up €20,000 year-on-year from €85,000 to €105,000 following a quarterly increase of 5% and an annual increase of 23.53%.