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House prices up on average 9% in the south east

House prices up on average 9% in the south east

Daft have released their latest housing report which sees big increases in the South East

The cost of buying a home in the 5 Counties has now increased on average by over 9%

As part of their quarterly housing report, Daft.ie has broke down what it'll cost you across the 5 counties.

The price of a house in waterford city has gone up 15% while it's 8% in the county.

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The lowest rise was in Tipperary where it's gone up 6%

Elsewhere, it'll cost you 10% in Wexford, 11% in Carlow and 14% more in Kilkenny to buy a house.

The average price of a house in the South East is:

Waterford City: €148,298

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Waterford County: €189,774

Kilkenny: €192,821

Carlow: €156,260

Wexford: €176,527

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Tipperary; €151,878

Across the country, there has been an increase of 7.5% on transaction rates.

Meanwhile house-hunters can apply for the 'help-to-buy' scheme online from today.

Designed for first time buyers of new homes, it'll give them 5 per cent back on the price of their property.

The grant coincides with two new reports showing a nationwide surge in house costs.

Daft.ie claims that prices have gone up by more than a third over the last three years.

While MyHome.ie says it had just 20-thousand properties for sale on its Website by the end of the 2016.

Daft's Ronan Lyons, says the lack of supply is pushing up prices:

"If you compare it to December 2014, two years previously, there were almost 30,000 properties available for sale across the country.

So that's a fall of almost a third in the space of two years. That's why prices are rising, a lot of demand but not a lot of supply."

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