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North West records robust growth in property prices

Catherine Gaffney -
North West records robust growth in property prices

The North West recorded robust growth in average residential property prices last year.

It's one of the findings in the latest market review from DNG.

The strongest rate of growth was in the Mid-West region last year at 9.6%, followed by the West at 8.7%.

The Border region saw the lowest rate of price growth in 2024 at 6.8%, but this was still stronger than the rate of growth of 4.6% recorded in that area in 2023.

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Looking ahead, DNG forecast that prices will continue to rise due to the continued lack of new homes available to purchase by private buyers combined with robust demand underpinned by real wage growth, falling interest rates and the strong economic environment.

Catherine Gaffney -