Price of houses in Laois is on the rise

In a cautious sign of recovery for the local property market, house prices in Laois have risen by 5 percent in the third quarter of the year, up from the same period in 2013.

In a cautious sign of recovery for the local property market, house prices in Laois have risen by 5 percent in the third quarter of the year, up from the same period in 2013.

The latest figures from Daft.ie reveal that the average house price in the county is now €91,000, 7 percent above its lowest point. The new figures contrast sharply with last year, when the county witnessed a fall of

19 percent in house prices from the previous year.

The average asking price for a house nationally has risen by 14 percent over the past year, led by an average rise of 25 percent in Dublin. The average asking price nationwide is now €195,000, compared to €170,000 a year ago and €380,000 at the peak.

Prices outside the capital have risen by 8 percent since the same time last year and now have experienced three consecutive quarters of growth.

Commenting on the report, economist with Daft.ie, Ronan Lyons said: “The total number of properties on the market on October 1 was just over 30,000, the lowest figure since March 2007.

“Across Leinster, and in Dublin in particular, supply shortages remain and this has helped push up values by a third in Dublin in just two years,” he said.