People paying an extra €19,000 for a home, compared to this time last year

Across the country people are paying an extra 19 thousand euro for a home, compared to this time last year.

In the last 6 months, house prices rose by 17% in Monaghan and by 10% in Cavan.  This leaves the average house price in Monaghan at 126 thousand euro and in Cavan at 113 thousand euro.

New figures in the Irish Independent show the rising cost effectively wipes out any gain from the Government’s Help-to-buy scheme.  It gives first time buyers 20 thousand euro towards the cost of a property.