The cost of a semi-detached three bedroom home here has risen by around €24,000 in the last six months, a new report has revealed.
Buyers will have to fork out an average of €251,5000 for a new home nationally as mix-adjusted prices on new property have jumped by 5pc in just three months.
The study by MyHome.ie found that Co Longford is now the cheapest place to buy a three-bed semi-detached house, at around €70,000.
Homes in Roscommon, Leitrim and Donegal will also set you back less than €100k.
Unsurprisingly, Dublin is still the dearest place to buy a home in the country, with a three bed semi-detached house costing almost €300,000.
Sligo was the only county in Ireland to see a drop in house prices in the last three months, a 5pc fall to €122,500.
On the other side of the coin, Kilkenny experienced the sharpest rate of inflation throughout the last three months as the average price rose by 10pc to €165,000.
The report’s author Conall MacCoille is attributing the ‘Help-To-Buy’ scheme as having a noticeable impact on inflation in the housing market.
“Did ‘Help-to-Buy’ contribute to house price inflation? What evidence there is suggests it did, as the price of newly built homes is rising much faster than existing dwellings,” Mr. MacCoille said.
Help-to-Buy sees average Dublin house price rise €32,000 this year
“The 1,679 ‘Help-to-Buy’ claims approved to date have cost €24.5m. This means that the average ‘Help-to-Buy’ cash rebate has equalled €15,000, or 5% of a €300K newly built home.
“Given the 7,275 applications received so far, the initial estimate that the scheme would cost €50m may now seem conservative.”
Here’s how much you’ll need to pay for a three bed semi-detached house in each county:
Galway: €200,000 (+1.01pc)
Mayo: €129,250 (+3.4pc)
Leitrim: €85,000 (unchanged)
Sligo: €122,500 (-5.04pc)
Roscommon: €75,000 (unchanged)
Carlow: €135,000 (+3.85pc)
Dublin: €295,000 (+1.72pc)
Kildare: €200,000 (+0.38pc)
Kilkenny: €165,000 (+10pc)
Laois: €130,000 (unchanged)
Longford: €70,000 (unchanged)
Louth: €185,000 (+5.71pc)
Meath: €199,000 (+2.05pc)
Offaly: €130,000 (+2.36pc)
Westmeath: €139,000 (+2.36pc)
Wexford: €155,000 (+4.03pc)
Wicklow: €285,000 (unchanged)
Clare: €143,750 (+0.83pc)
Cork: €220,000 (+4.76pc)
Kerry: €140,000 (+3.7pc)
Limerick: €159,500 (+2.9pc)
Tipperary: €135,000 (+1.89pc)
Waterford: €150,000 (+0.33pc)
Cavan: €125,000 (unchanged)
Donegal: €95,000 (unchanged)
Monaghan: €142,500 (+5.56pc)
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