A new study reveals that county Dublin has had the largest change in house prices from 2010 to 2022.
The study conducted by self-storage experts Storage World Self Storage analysed house prices in that period to calculate the price change that happened over 12 years and discover the percentage of much the price has changed.
County Dublin comes first with an 80 per cent price increase over the years, from €332,941.86 to €598,906.89, therefore having a total rise of €265,955.03. The growth is considerably higher than any other on the list, making Dublin almost a separate case compared to the other counties.
Second on the list is Wicklow, with a 68 per cent increase. In 2010 the average price for a house was €293,963.28, meanwhile, in 2022, it was €494,460.59 – a rise of €200,497.31.
The county of Kildare is third, with a 63% increase from 2010 to 2022. The average price for a house went from €240,093.71 to €391,021.88, a difference of €150,928.17.
Further down on the list, Westmeath takes fourth place with a 55% increase, while Laois closes the top five with a 53% increase. Respectively the change in cost has been €87,710.80 and €87,416.01.
The top ten continues with Meath at sixth place with a 48% price increase (€108,354.42), Clare at seventh with 45% (€79,599.88), and Cork at eighth, also with 45% (€103,258.48).
Waterford is ninth with 44%, and Wexford closes the top ten with a 43% increase.
Ken Davis, Regional Manager for Storage World Self Storage, commented on the findings: “It’s interesting yet worrying how much house prices have increased over the last 12 years in Dublin. It is understandable that the area is likely to see higher price increases when it comes to buying a house, however, an 80% increase since 2010 might be discouraging even for the capital.”
“This has a strong impact mostly on younger generations that may start to look to buy a home, however because of this increase, it’s not shocking to discover that many young adults do not think they’ll be able to afford their own house until much older”. For further information click on https://www.storageworld.ie/
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