House prices in Donegal now 22% above lowest point

 

The average house price in Donegal is now €139,000, 22% above its lowest point.
That’s according to the latest Daft.ie House Price Report 2019 released today.
In Donegal, prices in the final quarter of 2019 were 3% lower than a year previously, compared to a rise of 4% seen a year ago. The average house price is now €139,000, 22% above its lowest point.
In Ireland housing prices fell by 1.2% during 2019, the first calendar year recording a fall in prices since 2012.
Properties available to buy on the market nationwide are down almost 5% year on year.
Following nearly a year and a half of improving availability, this marks the fourth month where stock on the market has fallen.
Reviewing the latest figures, and the performance of the housing market over the last decade, Ronan Lyons, economist at Trinity College Dublin and author of the Daft.ie Report,
said as the sales segment seems in balance does not mean that Ireland’s housing system is healthy. There are other issues with the other segments of the system, including private rental and social housing.