House prices nationally rose by more than €20,000 on average during 2017, according to the latest House Price Report released today by Ireland’s No.1 property website, Daft.ie. With prices stable in the final quarter of the year, this means that the average price was almost €241,000, 9.2% higher than a year ago. Compared to their lowest point in 2013, prices nationwide have risen by an average of almost 47% or just over €76,500.
In Waterford City, prices in the final three months of 2017 were 9% higher than a year previously, compared to a rise of 15% seen a year ago. The average house price is now €161,000, 54% above its lowest point.
In the rest of Waterford, prices in the final three months of 2017 were 7% higher than a year previously, compared to a rise of 9% seen a year ago. The average house price is now €203,000, 41% above its lowest point.
In Dublin, prices rose by 11.7% during the year, the first year since 2014 the rate of inflation in the capital exceeds the national average. In Cork, the change in prices during 2017 was 5.1%, while in Galway the figure was 8.1%. In Limerick city, prices rose by 6.9% during the year. Outside the main cities, prices rose by 7.5% during 2017.
The number of properties available to buy on the market nationwide continues to fall. There were just over 21,000 properties on the market on December 1st, 2.6% lower than the same date a year previously. The total number of properties available has now fallen year-on-