Apartments lead the way in new Longford price trend
In Longford 2-bedroom apartments were up 11.58% in the first six months of 2024
The latest Residential Property Price Barometer by IPAV, the Institute of Professional Auctioneers & Valuers, recording prices actually achieved by estate agents in the first half of 2024 has revealed continuing price increases with those for apartments leading the way for the first time.
In Longford 2-bedroom apartments were up 11.58% in the first six months of 2024 over the latter half of 2023; 3-bedroom homes increased by 5.26% and 4-bedroom homes increased by 9.52% in the same period.
The four highest increases in the entire Barometer in the first six months of 2024 over the previous six months were in respect of apartments: Westmeath was up 14.44%; Offaly 13%; Donegal 12.69% and Kilkenny 12.33%.
Prices have been on an upward trajectory since the third quarter of 2023 with overall prices for two-bedroom apartments and three and four-bedroom houses in the first six months of 2024 up over 5% on those of the latter half of 2023 and over 8% in the year.
Apartments experienced higher levels of increases than houses, even though coming from a low base, and this is nationwide with the exception of Dublin.