Average Dublin house up €13,000

The average cost of a new house in Dublin rose last year by just over €13,000, or 5

The average cost of a new house in Dublin rose last year by just over €13,000, or 5.4 per cent, to €256,109, while the average cost of a new house outside the capital was €198,087, an 8.3 per cent rise, according to figures released yesterday.

In Cork, the average price rose by just under €10,000 to €184,369, while in Galway a new house cost €187,607 last year, €16,500 more than in 2001.

A new apartment cost an average of €220,298 last year, compared to €196,386 in 2001, while in Dublin a new apartment cost almost €25,000 more at €249,250.

The figures, from the Housing Statistics Bulletin, were issued by the Department of Environment.

READ SOME MORE

The bulletin shows that a record 57,695 houses and apartments were built last year.

Local authority housing output was just over 5,000 units, the figures show, the highest level for 16 years.

The bulletin also showed that second-hand house prices in Dublin rose by 11 per cent from an average of €267,939 to €297,424.

Average second-hand house prices outside the capital rose by more than €21,500 from 2001 to €227,799 last year.

Marie O'Halloran

Marie O'Halloran

Marie O'Halloran is Parliamentary Correspondent of The Irish Times