Longford housing prices rose by 9% during 2022

Average property values in Longford continue to rise, but have yet to break the €200,000 mark according to research by a property website. Despite experiencing the increase Longford retains the accolade of having the second lowest property prices in Ireland.

Figures from property website daft.ie show the price of property in the county continues to rise. In Longford, prices in the final three months of 2022 were 9% higher than a year previously, compared to a rise of 14% seen a year ago.

The average price of a home is now €185,000, 27% below its Celtic Tiger peak. Leitrim is one step below us on the property value ladder with the average price of a home in the wild rose county average at €173,215.The average listed price nationwide in the final quarter of 2022 was €309,941, down 0.4% on the average for the third quarter of the year and 16% below the Celtic Tiger peak.

The 6.1% increase in 2022 compares with increases of 8.1% in 2021 and 7.7% in 2020 and a fall of 1.2% in 2019.

The number of homes available to buy on December 1st stood at just over 15,200, up 33% on the same date last year but still significantly below the 2019 average of 24,200.

Nationally, housing prices rose by 6.1% during 2022, according to the latest daft.ie Sales Report released today by Ireland’s largest property website, daft.ie. The average listed price nationwide in the final quarter of 2022 was €309,941, down 0.4% on the average for the third quarter of the year and 16% below the Celtic Tiger peak.

The 6.1% increase in 2022 compares with increases of 8.1% in 2021 and 7.7% in 2020 and a fall of 1.2% in 2019.Compared to a year previously, prices in Dublin in the final quarter of 2022 were 5% higher, similar to the increase seen in Galway city (5.4%).

The increase in the last 12 months was larger in Galway city (8%) and Waterford city (6.4%), while prices in Cork city were 3.3% higher than a year ago. Outside the cities, prices rose by 7.1% on average – with similar increases seen in Leinster, Munster and Connacht-Ulster.

The number of homes available to buy on December 1st stood at just over 15,200, up 33% on the same date last year but still significantly below the 2019 average of 24,200. The increase in availability on the market has been greatest in Leinster (up 51%) and smallest in Munster (up 19%).