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Average monthly rental premiums increased by an average of 1.2 percent in the year to July, with the average charge for renting a three bedroom property in County Westmeath now €965, according to the latest Daft.ie Housing Market Report which was released in recent times.
The Restaurants' Association of Ireland (RAI) has expressed concern that the lack of legislative issues addressed in the July Stimulus package - such as insurance reform and commercial leases - could prove detrimental to the industry.
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.
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.
BY DECLAN VARLEY
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.