It’s hard to keep up sometimes.
But if you were wondering how house prices are looking on Leeside these days, a new report confirms they are still climbing.
The latest figures released by the Central Statistics Office show that the average cost of buying a home in Cork is now €300,000.
According to the Residential Property Price Index for November 2022, areas such as Ballincollig, Carrigaline, Cork Southside, and Glanmire are even more expensive, with average asking prices tipping €325,000.
Unsurprisingly, Kinsale was the most expensive Cork location to set up home, with the average property costing €405,000.
House hunting on a budget?
Bargain hunters would be wise to consider Charleville, where one can still find a three-bedroom family property for €190,000. Prices have dropped slightly in Mitchelstown, Skibbereen, and Clonakilty too.
“Residential property prices rose by 8.6% in the 12 months to November 2022, down from 9.7% in the year to October 2022.” said Viacheslav Voronovich, Statistician in the Prices Division.
“In Dublin, residential property prices saw an increase of 7%, while property prices outside Dublin were 9.8% higher than a year earlier.”
In November 2022, 4,901 dwelling purchases by households at market prices were filed with the Revenue Commissioners, an increase of 7.3% compared with the 4,566 purchases in November 2021.
“Households paid a median or mid-point price of €300,000 for a residential property in the 12 months to November 2022. The lowest median price paid for a dwelling was €150,000 in Longford, while the highest was €620,000 in Dún Laoghaire-Rathdown.” added Voronovich.
“The most expensive Eircode area over the 12 months to November 2022 was A94 ‘Blackrock’, with a median price of €745,000, while F35 ‘Ballyhaunis’ was the least expensive at €125,000.”