According to property website, Daft.ie, the rate of growth in prices being sought for properties listed on the Irish market slowed in 2023, despite a significant drop in supply. However, when broken down by region – the North West is positively going against the trend.

This latest Daft analysis captured growth in listed prices of 3.4% in the year - almost half the 6% growth rate in 2022 and well below the increases of 8.1% and 7.7% seen in the two years prior to that. However, the North West region is outperforming the market in terms of house prices with growth rates across Sligo registering at 10.9% when compared with Q 4 of 2022.

The average house price in Q4 2023 in Sligo was €210,799 and compared to a year ago, listed prices in Connacht-Ulster are now 7.6% higher - down from a peak inflation rate of 20% in early 2022.

Commenting on the report, Tommy Breheny MIPAV REV MMCEPI of Oates Breheny Group stated “The report certainly reflects some trends that we are seeing in the market. The Daft.ie figure of €210,799 represents an average price across all areas of the county and all property types, which can be a little confusing.  So, if you look more specifically at the average price of a second hand 3 Bedroom Semi-detached in Sligo Town and its environs, it would be in the region of €250,000 with a new build 3 Bed-semi-detached at €365,000. These average figures would increase further in the areas of Strandhill and Rosses Point by a further 10-20%. However, if you travel further south from Sligo the average 3 bedroom semi-detached would be better value at €160,000.”

Tommy concluded by noting “the market is ever changing but there are good opportunities at the moment for those looking to sell, with Sligo becoming increasingly popular locations. It’s great to see the growth in the region but we are not surprised due the level of demand we see each day in our business for properties in the area. ”

You can reach Tommy to discuss more on 071-9140404 or email, Tommy@obg.ie