PROPERTY

Ireland's cheapest counties to buy property revealed

(FILES) In this file picture taken on July 19, 2009 a Sold sign is displayed on a house in Dublin. Ireland is mounting a spirited fightback from economic collapse but as recovery takes hold, a housing shortage has sparked talk of another dangerous property bubble. Residential property prices in Dublin surged 24.7 percent in August compared with a year earlier, according to official data. Nationally, prices rose by 14.9 percent in the year to August. AFP PHOTO / MIGUEL RIOPA - TO GO WITH AFP STORY BY CONNOR BARRINS (Photo credit should read MIGUEL RIOPA/AFP/Getty Images)

OVER two thirds of Irish households own the home they live in, according to Irish property experts Daft.ie who have revealed the cheapest and most expensive places to live in Ireland.

Daft's 2017 Wealth Report reveals that the average property nationwide is now worth €230,000 - substantially less than 10 years ago when the average house value was €370,000.

But it is 40 per cent higher than the average home was worth just five years ago - €165,000.

Scroll down for the highest and lowest average price of a house in Ireland

Report author Ronan Lyons, an economist at Trinity College Dublin, says there are no surprises in the top and bottom five with South County Dublin the most expensive with an average property value of almost €550,000.

The cheapest five markets in the country are concentrated in the North-West. In Longford, the average property value is €117,000, while in Leitrim, Sligo, Roscommon and Mayo, property values are also €140,000 or less.

Previously less fashionable parts of Dublin – in particular Dublin 10 and Dublin 1 – have seen their rank rise.

Dublin 10 was the fourth cheapest part of the country five short years ago but has risen 16 places and is now the 35th most expensive market.

Counties Kilkenny, Wexford and Westmeath have also all risen by seven places in the last five years and are now ranked the 30th, 34th and 38th most expensive markets in the country respectively.

The cheapest market in the country is Ballaghaderreen in Roscommon, where the average property value is just €58,000.

Ireland’s most expensive streets have also been pin-pointed.

Both Shrewsbury Road and Ailesbury Road in Dublin have had three homes sell for at least €3m in the last 18 months.

So too has leafy Temple Gardens, just off Palmerston Road, while Westminster Road in Foxrock sneaks in in fifth.

But the title of Ireland’s most expensive street in 2017 goes to Herbert Park in Ballsbridge, which has seen no fewer than five properties change hands for €3m or more in the last 18 months.