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307 million euro worth of residential property sold locally last year

Feb 16, 2023 13:54 By Shannonside News
307 million euro worth of residential property sold locally last year
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Despite the drop in sales locally, high demand saw a smaller number of homes sell for more money.

The costs of residential property sales in the Shannonside region rose last year despite a drop in sales.

New figures from the Central Statistics Office show that high demand for homes in the three counties saw 304 million euro worth of property sold in 2022.

CSO data shows that 2,007 homes were sold during the course of 2022 in Longford, Leitrim and Roscommon, compared to 2,222 the year previously.

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The total sales amounted to 304 million euro and 298 million euro respectively in the two years.

Despite the drop in sales, high demand saw a smaller number of homes sell for more money.

926 residential properties were bought in Roscommon over the course of the year to the value of 144 million euro.

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This is compared to 2021 where 961 homes went for a total of 129 million euro.

Leitrim saw an increase on in the cost of sales of over 4 million euro despite 44 fewer homes sold last year than in 2021.

Longford was the only county locally to see a drop in the total cost of property when the two years are compared.

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The county saw 136 fewer homes purchased in 2022, with 546 properties selling for a total of almost 80 million euro.

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