The price of the average three-bed semi in County Carlow rose by
2.1% to €171,000 in the past year according to a national survey carried out by
Real Estate Alliance.
Carlow prices were 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.
“High rents are driving first-time buyers into purchasing mode,
but financing remains a problem. This quarter it is a little more difficult to
sell higher end properties, with Brexit causing uncertainty amongst buyers,” said
Harry Sothern of REA Sothern in Carlow Town.
The price of an average three-bed semi-detached home in Carlow
Town remained static this quarter at €177,000, with time on the market also
unchanged at eight weeks.
“The market is noticeably quieter this quarter and demand for more
expensive homes is very weak.” said John Dawson of REA Dawson in Tullow.
The market in Tullow also remained unchanged this quarter with three-bed semi-detached houses currently on the
market for eight weeks at an average of €165,000.
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:
Harry Sothern, REA Sothern, Carlow, 087 2566764
John Dawson, REA Dawson, Tullow, 087 2535881
Harry Sothern, REA Sothern, Carlow, 087 2566764
John Dawson, REA Dawson, Tullow, 087 2535881
