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Sale prices fell by 3.3 percent in the year to June, according to the most recently issued Daft.ie Housing Market Report with the average price of a standard three bedroom semi-detached residential property in Westmeath now costing €140,000.

Ibrahim Noonan

Property premiums increased by an average of 3.7 percent in May, having fallen by 5.5 percent in April, according to the most recent Daft.ie housing market report.

Despite a national decrease in residential property premiums due to the impact of COVID-19, prices within Westmeath escalated by 6.3 percent in the first three months of this calendar year.

While the impact of the COVID-19 pandemic has resulted in the number of homes listed for sale dropping dramatically, property prices in Westmeath were two per cent higher during the first quarter of the calendar year when compared with the same time period in 2019.

Exploring solutions to and the reality of challenges facing the dairy industry, not least around sustainability, will be explored on Tuesday night next January 28 with a range of experts in the space set to address farmers at a major Arrabawn conference.

An analysis of recent trends in the Irish residential property market at the end of Q4 of 2019 by the property website, Daft.ie, has noted that property prices were two percent higher than in 2018, compared to a rise of nine percent detailed a year ago, with the average house price now at €204,000, 73 percent above its lowest point.

Property prices in Galway City in the final quarter of 2019 were less than one per cent lower than a year previously, compared to a rise of six per cent seen a year ago. The average house price is now €290,000, 81 per cent above its lowest point. In the rest of Galway, prices in the final quarter of 2019 were 1 per cent lower than a year previously, compared to a rise of seven per cent seen a year ago.

An analysis of recent trends in the Irish residential property market at the end of Q3 of this year by the property website, Daft.ie, has noted that while rental inflation is now at a six year low, rents in County Westmeath are on average, 7.7 percent higher than at this time in 2018.

In 2015 Chambers of Commerce and a group of Action Oriented Partners from nine western counties (Donegal, Sligo, Leitrim, Roscommon, Mayo, Galway, Clare, Limerick, Kerry) signed up to a charter to develop the Atlantic Economic Corridor (AEC).