North West property prices continue to rise

House prices have risen by over 10% across the north west in the last year.


That’s according to the latest report on national house prices.



The average price of a home in Donegal has risen by 14.8% now costing €166,592.


The price has gone up by 13.8% in Sligo where it now costs an average of €163,608 to purchase a house in the county while Leitrim has risen by 16.7% in the last year to €145,977; the average cost nationally is €284,313


The latest report also found that the number of properties on the market in the region was down almost 40% compared to June 1st, 2020 going from around 4,500 to 2,700.


The number of new homes fell in Sligo by 30% compared to a year ago with 21 transactions, they fell 26% in Leitrim with 23 purchases.


However, there was an increase in Donegal by 28% with 64 new home purchases.


The Connacht/Ulster region has seen the highest rate of inflation since began compiling their reports.


Ballymote Auctioneer, Eamon Scanlon says while the market is strong at the moment issues around the costs of building new homes needs to be addressed.