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Leitrim house prices to rise by 10pc this year, report predicts

Jan 13, 2025 17:55 By Eoghan Murphy
Leitrim house prices to rise by 10pc this year, report predicts
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New figures suggest a lack of supply will push prices up in 2025.

House prices across the Shannonside region are expected to keep moving on an upward trajectory in 2025.

New figures suggest a lack of supply will push prices up in 2025 - although increases are expected to be limited to 3 to 5 per cent in Co Roscommon.

The Sunday Times Nationwide Property Price Guide presented a breakthrough of house prices in every county, as well as the trends that have been making them increase in recent years.

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According to the report, Co Leitrim remains the most affordable in the country.

Local estate agents are predicting a 10 per cent increase of house prices in the county due to the contrast of high demand and shortage of stock in the county.

The cheapest 2-bed apartment in Co. Leitrim is located in Ballinamore, standing at €140,000, while the most affordable three-bed semi-detached house is available to buy in Mohill at €175,000.

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Meanwhile, estate agents are expecting a noteworthy increase in house prices in Longford, after values turned out to be over 7 per cent higher than their initial predictions for the year of 2024.

The paper's property price guide found that the vast majority of purchasers in Longford are young couples who are first-time buyers.

The cheapest available apartment in Co Longford is located in Granard at €115,000, while the most affordable 3-bed semi detached house priced at €195,000, also in Granard.

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A significant increase is being estimated for Co Roscommon, which is commonly viewed as being the county with the cheapest property market.

Estate agents are predicting that a lack of availability will affect house prices, with social housing making up the majority of new developments in the county.

The lowest asking price for a 2-bed apartment in the county is in Castlerea at €105,000, while the most affordable 3-bed home is in Strokestown, at €200,000.

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Increases of 7 to 10 per cent on average are forecast by estate agents nationwide.

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