GDP

The Sun: “Cost of a home is soaring by 21.5%”


Author: GPD Ireland | Date: 12/12/2018


Source: Craig Farrell, The Sun

 

House prices continued to rise over the past year with homes in the mid-west rising by over a fifth. The latest Property Price Homes Index from the CSO shows a increase of 8.4 per cent nationally up to October.

 

But the mid-west region counties Limerick, Clare and Tipperary saw a spike of 21.5 per cent largest in the state. In Dublin prices rose by 6.3 per cent with the largest growth in Dun Laoghaire – Rathdown at 8.2 per cent.

 

Eamon Hetherington, director at GPD believes that the cost of land is slowing development. And he added “Ireland’s construction industry needs to innovate and embrace modularisation and off-site manufacture to ultimately achieve more for less.”

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