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he latest nationwide property guide from The Sunday Times reveals that Greystones is quite a costly place to buy a home.
Just in case any of you happened to be living under a rock for the last few years.
Which might not be a bad idea, given that we’ve been crowned the most expensive address in Ireland, followed by Ballinlough in County Roscommon and Model Farm Road in Legoland. Or Cork, for short.
If you’re thinking of setting up home in Ballinclough or on Model Farm Road, a three-bed semi-detached will set you back €490,000, whereas the same house in sunny Greystones will cost you €605,000.
Which is quite the leap in price.
House prices are expected to rise by 4.9% over the following 12 months, with the overwhelming majority of counties seeing an increase of some sort.
RĂłisĂn Healy, Deputy Features Editor of Sunday Times Ireland, says: “The rental crisis, the cost of building and renovation works and the persistent lack of supply is leaving the property market nationwide at a standstill. This is having a real impact across all age cohorts and at every end of the market, as people struggle to rightsize. This is affecting first time buyers, growing families and older people who wish to trade down. The scarcity of homes to buy and to rent is a massive concern across every county.
The only counties where house prices will remain static are Monaghan, Louth, and Westmeath, whilst North County Wicklow is expected to see a 2-3% rise, and South County Wicklow 4%.
The biggest expected increases in property prices for the coming year are Waterford, at 10%, Kerry at between 4-15% and Kilkenny rising 8-10%.