As property stock continues to drop and prices continue to rise, is there an end in sight?
We have proceeded through the previous 15 months with a very uncertain picture ahead but now, as we seem to be exiting the haze of the pandemic, what will happen in the property market?
As we have outlined here previously, the lack of supply brought about by poor policy making at local and national government levels, has resulted in as close to no building in the Midlands region as possible - despite an explosion in population growth.
According to the daft.ie Q1 report, the average listing price in Westmeath is up 10.8 percent to €230,690.00 which is approximately €40,000 less than the national average listing price year on year.
Currently, there are the fewest houses on the market that I can ever remember in Athlone and the ones that are there are listed up to 20 percent higher than they were three years ago and with no real building plans in sight it is very hard to see that this will stop anytime soon.
For further information or if you want a no obligation consultation please give RE/MAX Professional Partners Athlone a call on 090 6417024.
