The price of the average three-bed semi in County Cavan rose by 2% to €125,000 in the past year according to a national survey carried out by Real Estate Alliance.
Cavan prices remained static over the past three months, the REA Average House Price Survey found.
The REA Average House Price Survey concentrates on the actual sale price of Ireland's typical stock home, the three-bed semi, giving an up-to-date picture of the second-hand property market in towns and cities countrywide to the close of last week.
“We have seen no real change in price over this quarter, but properties are taking longer to sell,” said James Spring of REA Peter Donohoe of Cavan Town and Ballyconnell.
“Though supply is good, there has been a noticeable slowing down of sales during this quarter across all property types.”
The price of a three-bed semi-detached house is currently €150,000 in Cavan Town and €100,000 in Ballyconnell, with both figures remaining unchanged this quarter.
Average time taken to sell rose throughout the county this quarter from five weeks to seven.
The average semi-detached house nationally now costs €235,009, the Q3 REA Average House Price Survey has found – a drop of 0.43% on the Q2 2019 figure of €236,028.
The price of a three-bedroom semi in Dublin’s postal zones fell by an average of €4,500 in the past three months as Brexit uncertainty affects buyers.
Three-bed semi-detached houses in Dublin city registered a third consecutive quarter fall (-1%) since the end of June and have decreased by -3.3% to €428,500 compared to September 2018.
Prices also fell by 1% in the commuter counties in the past three months, with the average house now selling for €246,611 – an annual fall of 0.7%.
After a year of rises to June, agents are citing an uncertainty surrounding Brexit hampering viewing numbers.
Prices in the country’s major cities outside Dublin – Cork, Galway, Waterford and Limerick – remained unchanged in the past three months.
“The highest annual price increases (3.3%) were once again seen in the rest of the country’s towns which rose in selling price by an average of €5,000 in the past year and 0.36% in the past three months to €161,724,” said REA spokesperson Barry McDonald.
Ends
Available for interview:
James Spring, REA Peter Donohoe, Ballyconnell, 086 818 6819
Media information: Holly Carr, 085 777 8568 holly@mediaconsult.ie
