Average price of a home in Co Cavan now stands at €237K
Property prices in County Cavan were six per cent higher in the second quarter of this year than a year previous. That's according to the latest report from Daft.ie
It compares to a rise of nine per cent seen in the 12 months to March 2024. The average price of a home in the Breffni county is now €237,000, 51% above the level seen at the start of the Covid-19 pandemic.
Nationally, housing prices rose by an average of three per cent during the second quarter of 2025, according to the latest Daft.ie House Price Report released today.
The typical listed price nationwide in the second quarter of the year was €357,851, 12.3% higher than a year previously and 40% higher than at the onset of the pandemic.
The current rate of inflation in the market nationally is the highest seen in the 10 years since mortgage market rules were introduced. The surge in inflation is relatively broadly based, with the Dublin figure (12.3%) in line with the average for the rest of the country.
The strong increases in housing prices are related, once again, to very tight supply. The number of second-hand homes available to buy nationwide on June 1 stood at close to 12,100. This is largely unchanged from the figure a year ago and less than half the pre-Covid average of almost 25,000.
"The fastest increase in housing prices since mortgage market rules were introduced a decade ago highlights the importance of addressing Ireland’s chronic and worsening housing shortage."
That was the review of Ronan Lyons, economist at Trinity College Dublin and author of the report.
“The substantial increases over the past year in almost all parts of the country are linked to the lack of second-hand supply. This in turn is related to the increase in interest rates earlier in the decade," he continued.
"As interest rates come down and mortgage-holders come off their fixed rate terms, the picture for second-hand supply will improve. There are already some tentative signs in Dublin of an increase in second-hand supply. Nonetheless, the second-hand market is only part of the solution. Ultimately, policymakers have to address their failure to recognise and provide the framework for enough new homes each year,” added Mr Lyons.