14% rise in house prices in Roscommon

House prices in Roscommon rose by an average of 14% in the year to June 2016, according to the latest House Price Report released today by Ireland’s largest property website, Daft.ie.

  Overall, house prices rose by an average of 6.3% during the first six months of the year. The divide between Dublin and the rest of the country persists, with prices effectively stable in the Capital – rising just 1.1% in the last year – compared to a rise of 10.2% on average outside Dublin. Compared to three months ago, there has been a slight uptick in inflation outside the capital.

  In Roscommon, prices were 14% higher than a year previously, compared to a rise of 12% seen a year ago. The average house price is now €121,000, 33% above its lowest point.

  The total number of properties for sale nationwide recorded a rare increase between March and June. Having reached a nine-year low in March, at less than 24,000, the total number of homes for sale in June was 25,260, roughly 15% below the same month in 2015.

  Commenting on the figures, Ronan Lyons, economist at Trinity College Dublin and author of the Daft.ie Report, said: “While supply pressures have eased slightly in the last three months, the overall dynamic in the housing market currently is one of very strong demand pulling up prices. In Mayo and Roscommon, for example, average prices have increased by roughly 10% since the start of the year.”