Homes Prices Jump.

The recent report produced by Daft.ie states that the average house value across Ireland rose by €20k in 2017 with the biggest jump of 11.4% being in Leinster. If you want to check the recent values then view our previous article and Value My House.

It's only encouraging news if you are in negative equity and selling to downsize or move on.

The report goes on to explain that a relaxation from 20% to a 10% deposit for first time buyers is a major contributing factor. Prices rose most dramatically around cities where 'Supply and Demand' is high and where these areas have been slow to recover from the financial crash creating an imbalance with neighbouring areas.

Rent Hike

Convenient to North Dublin the house price rise is noticeable around Navan. If you're renting then you've been impacted too and have likely experienced an increase perhaps to 'Celtic Tiger' prices?

A quick glance on any Property To Let website such as www.daft.ie will show you that very few homes are available locally with most now having frighteningly high prices.

Supply and Demand

The choice of having a roof over your head or food on the table is something no one would have thought families in 2018 Ireland would be facing. Read our past articles on #MyNameIs and Meath Food Bank and it's clear that families are struggling.

Such is the speed of the local need where demand outstrips supply scores queue up, with deposits & references in hand, ready to sign up to anything suitable on the day they come to the market.

Some online agents encourage bidding wars with one local 3 bed house having set a reserved rental of €700 per month receiving bids in excess of €1400.