Figures released by the Central Statistics office today show that the median price of a residential property nationwide was €310,000. The lowest median priced property was in Longford at €152,000.
The median price in County Tipperary is €190,000 – the lowest in Munster and almost €120,000 behind the median price of €309,000 in county Cork. When the premier county is compared to all other counties only 7 other counties have a lower median house price.
The pace of residential property price increases slowed nationally to a 22 month low of 5% in February, compared to 6.1% in January. The CSO data shows that prices continued to rise on an annual basis for both houses and apartments in all regions except for Dublin City where the price of houses has fallen by 0.5% compared to a year ago. The average increase in the mid west region – including Tipperary is 4.9%.
Today’s figures also show that the volume of transactions decreased in February. There were 3,351 properties purchased nationwide during the month. This was 6.5% down compared to a year ago and 8.8% down compared to January.
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