Report reveals Cavan’s most expensive house prices
A breakdown of house prices by Eircode has revealed the areas with the highest average prices in the region.
The A82 Eircode area, which includes Virginia, Kingscourt and Kells, has an average price of €228,621. That’s the highest in the region. Prices in commuter and more rural areas have risen in recent months as people move from properties in Dublin city.
The Central Statistics Office (CSO) report released recently shows it’s followed by the A81 area in Carrickmacross. It has an average price of €234,723.
The H18 area in north Monaghan is next with prices of €190,680.
Cavan town’s H12 area has the next highest average at €178,249.
Staying in Cavan, the N41 area (Carrick-on-Shannon), which also covers large parts of west Cavan, has an average of €162,809. Cootehill (H14) comes next according to the report, with prices there standing at €147,923.
The Belturbet area, under the H14 Eircode, has the lowest prices in the county according to the report, at just €147,420. The Clones area had the lowest in the greater region at €130,026.
According to the CSO, the average price for all of Co Cavan stands at €188,923.
Households paid an average price of €340,379 for a home in the 12 months to June 2022.
The average in Dublin, €516,603, was the highest in any region or county. Dún Laoghaire-Rathdown had the highest mean price in the Dublin region at €715,870, while South Dublin had the lowest at €408,344.
Wicklow was the most expensive county outside of Dublin, with a mean price of €452,771.
The Border region was the least expensive in the year to June 2022, with a mean price of €179,615.
Neighbouring Co Longford was the least expensive county, with an average price of €156,354.
The CSO says the national Residential Property Price Index in June has reached a level equal to its highest level recorded at the peak of the economic boom, in April 2007.
Viacheslav Voronovich, Statistician in the Prices Division of the CSO said: “Residential property prices rose by 14.1% in the last 12 months, down from 14.4% in the year to May 2022.
“Outside Dublin, house prices were up by 16.1% and apartment prices rose by 14.4%. The region outside of Dublin that saw the largest 12-months rise in house prices was the Border (Cavan, Donegal, Leitrim, Monaghan, Sligo) at 20.1%.”