Thursday, June 22, 2006

Ten Year Returns in Longford of 216%

A new report from Permanent TSB/ESRI shows Longford house prices have increased 271% since 1996. The average price in 1996 was €67,986 and to day is €214,527. Prices nationwide have increased 14.9% annually in the last ten years. Despite the increase in prices, affordability of houses has remained steady since 1998 as incomes have kept pace with inflation. Another change in our area is the average increase in house sizes from 1,200 sq. ft. in 1996 to over 1,400 today. The full report is available at the Permanent website.

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