Co. Louth sees 4% hike in house prices as compared to last year

Co. Louth sees 4% hike in house prices as compared to last year

Home values in Co Louth experienced a 4% increase during the first quarter of 2023, in contrast to the falling prices nationwide.

This is slowed as compared to the 8% rise last year. The current average price of a home is €269,000. This is 23% lower than it was during the Celtic Tiger peak, but 110.7% more than what it was when prices were at their lowest.

Figures from the latest House Price Report indicated that housing prices dropped by 0.3% nationally over the first quarter of 2023, representing a rare fall in listed prices in the last 10 years.

The nationwide average cost of homes in the first quarter of 2023 was €308,497, 2.7% higher than the same period in 2022 & 17% lower than its peak during the Celtic Tiger era.

In Louth, the cost of one-bedroomed apartments rose significantly in Q1, with prices surging by 14% to €124,000. If a two-bedroomed terraced house is what you're looking for, the average price stands at €149,000 - a 2% rise from before. Three-bedroom semi-detached homes have seen a significant rise of 7% to €214,000 while four-bedroom bungalows have surged by 8% to €407,000. At the higher end of the market, however, five-bedroom detached houses have dropped by 1%, currently at €395,000.