While a recession is reportedly looming, house prices continue to increase across the country, including Dublin.
The latest statistics show house prices have increased by 5.3% in Ireland for Q2. Property website MyHome.ie published the latest figures this week, revealing that the average asking price for a house in Ireland is now €320,000.
The average asking price for a house in Dublin is now at €403,000. If you were to exclude Dublin from the national data, the average house price in Ireland is €270,000.
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The report looked specifically at the average asking price for a three-bed semi-detached house in every county. Prices went as low as €116,250 in Longford all the way up to €385,000 in Wicklow.
Using the latest data from the recent MyHome.ie report, the Irish Mirror worked out what salary a single person would need in order to qualify for a mortgage in every part of Ireland. The figures were based on the general maximum mortgage rate which is capped at 3.5 times your gross annual salary.
So here is what you would need to be earning in order to afford a semi-detached, three-bedroom home in Ireland:
Dublin
- Average cost of a three-bed semi-detached house: €365,000
- Up 7,35% on last year
- Deposit needed: €36,500
- Salary needed: €93,857
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Cavan
- Average cost of a three-bed semi-detached house: €185,000
- Up 23.33% on last year
- Deposit needed: €18,500
- Salary needed: €47,572
Clare
- Average cost of a three-bed semi-detached house: €217,000
- Up 9.05% on last year
- Deposit needed: €21,700
- Salary needed: €55,800
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Cork
- Average cost of a three-bed semi-detached house: €265,000
- Up 6% on last year
- Deposit needed: €26,500
- Salary needed: €68,143
Donegal
- Average cost of a three-bed semi-detached house: €140,000
- Up 12.9% on last year
- Deposit needed: €14,000
- Salary needed: €36,000
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Galway
- Average cost of a three-bed semi-detached house: €245,000
- Up 4.26% on last year
- Deposit needed: €24,500
- Salary needed: €63,000
Kerry
- Average cost of a three-bed semi-detached house: €195,000
- Up 8.33% on last year
- Deposit needed: €19,500
- Salary needed: €50,143
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Kildare
- Average cost of a three-bed semi-detached house: €249,475
- Up 8.72% on last year
- Deposit needed: €24,947
- Salary needed: €64,151
Kilkenny
- Average cost of a three-bed semi-detached house: €205,000
- Up 9.33% on last year
- Deposit needed: €20,500
- Salary needed: €52,715
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Laois
- Average cost of a three-bed semi-detached house: €185,000
- Up 5.71% on last year
- Deposit needed: €18,500
- Salary needed: €47,572
Leitrim
- Average cost of a three-bed semi-detached house: €165,000
- Up 18.71% on last year
- Deposit needed: €16,500
- Salary needed: €42,429
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Limerick
- Average cost of a three-bed semi-detached house: €225,000
- Up 0.00% on last year
- Deposit needed: €22,500
- Salary needed: €57,858
Longford
- Average cost of a three-bed semi-detached house: €116,250
- Up 16.25% on last year
- Deposit needed: €11,625
- Salary needed: €29,893
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Louth
- Average cost of a three-bed semi-detached house: €225,000
- Up 9.76% on last year
- Deposit needed: €22,500
- Salary needed: €57,857
Mayo
- Average cost of a three-bed semi-detached house: €170,000
- Up 13.71% on last year
- Deposit needed: €17,000
- Salary needed: €43,714
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Meath
- Average cost of a three-bed semi-detached house: €275,000
- Up 14.58% on last year
- Deposit needed: €27,500
- Salary needed: €70,714
Monaghan
- Average cost of a three-bed semi-detached house: €175,000
- Up 12.90% on last year
- Deposit needed: €17,500
- Salary needed: €45,000
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Offaly
- Average cost of a three-bed semi-detached house: €175,000
- Up 2.94% on last year
- Deposit needed: €17,500
- Salary needed: €45,000
Roscommon
- Average cost of a three-bed semi-detached house: €137,500
- Up 44.74% on last year
- Deposit needed: €13,750
- Salary needed: €35,357
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Sligo
- Average cost of a three-bed semi-detached house: €182,500
- Up 21.67% on last year
- Deposit needed: €18,250
- Salary needed: €46,929
Tipperary
- Average cost of a three-bed semi-detached house: €185,000
- Up 15.63% on last year
- Deposit needed: €18,500
- Salary needed: €47,571
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Waterford
- Average cost of a three-bed semi-detached house: €200,000
- Up 8.11% on last year
- Deposit needed: €20,000
- Salary needed: €51,429
Westmeath
- Average cost of a three-bed semi-detached house: €200,000
- Up 11.14% on last year
- Deposit needed: €20,000
- Salary needed: €51,429
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Wexford
- Average cost of a three-bed semi-detached house: €200,000
- Up 11.11% on last year
- Deposit needed: €20,000
- Salary needed: €51,429
Wicklow
- Average cost of a three-bed semi-detached house: €385,000
- Up 10.95% on last year
- Deposit needed: €38,500
- Salary needed: €99,000
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