25 counties report rise in house salesThursday 08 May 2014 18.33
The recovery in the property market has spread outside of Dublin and other urban areas, according to a new study from property website MyHome.ie.
MyHome.ie's research, which is based on an analysis of the property price register, shows that the number of property sales rose in 25 of the 26 counties last year - Laois was the only county which showed a decrease.
There were 29,772 property sales recorded in 2013, up 18% on the 25,142 sales in 2012. Today's research also shows that there was an increase in the amount of money spent on property in 21 counties.
Dublin led the way in terms of property sales last year with over 10,000 transactions and €3.6 billion spent.
But the MyHome.ie study shows that sales are increasing at a faster rate in several other counties.
While many of the increases are coming off a low base, the likes of Leitrim (57%), Cavan (55%), Roscommon (36%), Monaghan (32%) and Longford (24%) all saw sales shoot upwards in 2013.
Commuter belt counties Kildare, Meath, Westmeath (24%) and Wicklow (23%) all showed increases as did Waterford (25%) and Carlow (41%). Galway was the star performer in the west, recording sales growth of 32%.
The Managing Director of MyHome.ie, Angela Keegan, said it was very encouraging to see the level of house sales rising all over the country but she pointed out that the recovery was still in its early stages.
“We were surprised to see sales rise by as much as they did in several counties, especially in the border region and Waterford which have struggled more than most since the collapse in property prices in 2007. People are recognising that there’s value in the market and this along with pent up demand is what is driving sales," Ms Keegan said.