County Roscommon prices rose by 5.5% overall this year to €145,000, the REA Average House Price Survey found.
The 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.
“What is driving the increase is the affordability factor. Semi-detached homes in Roscommon Town offer great value in a town that is overall performing very well,” said Seamus Carthy of REA Seamus Carthy in Roscommon Town.
The price of an average three-bed semi-detached house in Roscommon town rose by 3.1% this quarter to €165,000, with the average time to reach sale agreed remaining at seven weeks.
Castlerea prices were static this quarter with three-bed semi-detached houses currently on the market at an average of €125,000. The average time taken to sell decreased from 15 weeks to 10.
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:
Seamus Carthy, REA Seamus Carthy 086 8035538
Media information: Holly Carr, 085 777 8568 holly@mediaconsult.ie
