THE LAST COUPLE of years have been good ones for property owners.
The long-term downturn that set in after the crash in 2008 saw house prices stay down for almost five years – but they have been back rising again since the end of 2012.
Figures from last month show a year-on-year increase in property prices of 16.8%.
Sometimes though it can be hard to grasp these numbers in real terms. To give a better idea of how these changes have been taking effect, here we look at how prices have changed on a few residential streets and properties around the country.
November 2014
Number 195
Sold for €487,000
June 2011
Number 132
Sold for €390,000
Percentage change: 24%
This property which sold last year came onto the market in April according to Callapso.net. The second property 63 doors down the street sold for €97,000 less three-and-a-half years prior. Both are terraced houses with three bedrooms.
January 2010
20 Greenview Lawn
Sold for €161,000
October 2014
1 Greenview Close
Sold for €193,000
Percentage change: 19%
Both of these properties are semi-detached houses located in the same estate.
September 2014
Number 35
Sold for €246,000
February 2012
Number 17
Sold for €210,000
Percentage change: 17%
Both these properties have four bedrooms. No 35 is a detached bungalow while No 17 is a semi-detached corner house.
Comparisons were made using the Residential Property Price Register facilitated on Daft.ie’s website.
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