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County Waterford sees 17.5% jump in house prices

House prices in county Waterford have seen a 17.5% increase year on year with the average price a home in the county over €270,000.

New reports from Myhome.ie and Daft.ie show nationally house prices have climbed 9% compared to the same time last year however inflation is down from 13% recorded in the second quarter.

In Waterford City, prices in the third quarter of 2021 were 6.3% higher than a year previously, compared to a rise of 5% seen a year ago. The average price of a home is now €204, 759, 95% above its lowest point.

However county Waterford, prices in the third quarter of 2021 were 17.5% higher than a year previously, compared to a fall of 2% seen a year ago. The average price of a home is now €270,171, 88% above its lowest point.

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The average price nationwide in the third quarter of 2021 was €287,704, 22% below the Celtic Tiger peak but three quarters above its lowest point in 2012.

The national trend hides regional differences. In Dublin, prices rose by 4.9% in the year to September, the slowest rate of inflation in a year.

In other major cities, prices rose by similar magnitudes – from 3.1% year-on-year in Galway to 8.4% in Limerick city.

Outside cities, inflation remains significantly higher, with prices rising by an average of 12.9% year-on-year.

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The largest annual increases were in Mayo and Leitrim, where prices are more than 20% above their level a year ago.

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