Donegal remains one of the cheapest counties to buy property
The gap between the most expensive places to buy and cheaper places to buy is narrowing
House prices in Donegal grew by 2.78pc between January and June this year, according to the latest figures from the Institute of Professional Auctioneers and Valuers (IPAV).
Despite the growth in price, Donegal remains one of the cheapest counties to buy a house. The six cheapest counties to buy a house in are Longord, Roscommon, Tipperary, Leitrim, Cavan and Doneal, according to a report in the Sunday Independent.
On average, the price of a new home is almost €300,000, an increase of almost €66,000, since the summer of 2020.
IPAV’s residential property price barometer measures sales recorded on the property price register over the first six months of 2023. While prices nationally grew by 2.05pc during that period some parts of the country continue to show growth. This means that there has been a narrowing of the gap in prices between prices in the most expensive and cheapest part of the country.
The IPAV have called for radical reform to the housing system. Despite the fact that prices have increased by 2pc in the first 6 months of this year, prices are expected to remain high.
IPAV chief Pat Davitt says that people who started saving for a home during the pandemic will increasingly find their dream slipping away.
House prices in Sligo have increased in line with Donegal recording a 2.85