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Offaly prices tumble as Dublin prices career in other direction

Story by Laura Ryder

Tuesday, 1st July, 2014 12:01pm

Offaly prices tumble as Dublin prices career in other direction

Asking prices for Offaly houses have tumbled by just over one per cent in the last year while asking prices in the capital have recorded a jump of more than 20 per cent in the same period.

That’s according to the latest Daft report, released today (Tuesday).

The report detailing figures from the second quarter of this year shows that Offaly asking prices are down 1.1 per cent - or €127,442 - on the same time last year. Prices are down year-on-year for all homes in Offaly except four-bed bungalows.

Asking prices in neighbouring Laois are down 3.8 per cent - or €87,436 - while Westmeath and Longford have shown increases of 1.3 per cent and 7.19 per cent respectively.

According to the report asking prices nationally rose by 5.5 per cent during the second quarter of this year, marking the largest quarterly rise since early 2006. The average asking price nationally is now €187,000 it says, compared to €171,000 a year ago and €380,000 at the peak.

The property market is moving better according to the report however, with 15,000 properties - the highest number since autumn 2008 - listed for sale in the second quarter of this year. The first quarter of this year also saw 28 per cent more transactions than the same time a year previous, marking the tenth consecutive quarter of growth in transactions.

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