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06 Sept 2025

New trend hitting Laois property market as apartment prices surge

The price of a two-bed apartment rose by 8% in the first six months of 2024

Portlaoise credit union worker celebrates an incredible 20 year anniversary

The cost of apartments is rising faster than houses for the first time ever as people try to enter the property ladder. 

Reporter:

Express reporter

11 Sept 2024 6:52 AM

Email:

news@leinsterexpress.ie

The cost of apartments is rising faster than houses for the first time ever as people try to enter the property ladder. 
In Laois the price of a two-bed apartment rose by 8% in the first six months of 2024 compared to the later half of 2023, rising from €164,334 to €173,334. 
That's according to the latest Residential Property Price Barometer by IPAV, the Institute of Professional Auctioneers & Valuers. 
It revealed that the cost of three-bedroom homes in Laois increased by 5.80% from €230,000 to €243,334. Meanwhile, four-bedroom homes in the county increased by 4.79% in the same period, up from €278,334 to €291,667.
Pat Davitt IPAV’s Chief Executive said with our growing population, now estimated at 5.38 million, rising by 98,700 in the year to April 2024 according to the latest CSO figures published in August, and a severe and pent-up lack of supply of homes, prices have continued to edge higher.
“It’s hardly surprising that the issue of the supply of homes and affordability is shaping up to be the number one issue in the country as we head for the forthcoming general election,” he said.
And he said the scarcity of both new and second-hand homes is a key factor driving today’s figures. “More affordable prices, especially for apartments in rural Ireland, have not been taken full advantage of previously. Prices are still quite low and people are beginning to realise there is value there.”

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