The price of the average three-bed semi in County Wexford fell by 2.7% to €180,000 over the past three months, according to a national survey carried out by Real Estate Alliance.
Wexford prices also fell by 2.7% overall this year, 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.
“The market is in a period of stabilisation after numerous quarters of growth,” said Robert McCormack of REA McCormack Corish in Wexford Town.
“Supply has increased, and demand is stable. We are seeing that Brexit is having a negative effect on sentiment.”
The price of the average three-bed semi-detached house in Wexford town fell this quarter by 2.7% to €180,000, and the average time on the market remained unchanged at six weeks.
“Prices remain stable in North Wexford. There is currently a limited supply of starter homes on the market, and many buyers are currently holding off buying due to Brexit. Well-presented properties are selling quickly,” said Winston Halnon of REA Halnon, Gorey.
The price for the average three-bed semi-detached house in Gorey remained unchanged this quarter at €225,000, and time on the market rose from six weeks to eight.
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:
Robert McCormack, REA McCormack Corish, 086 832 2207
Winston Halnon, REA Halnon, 087 237 6550
Media information: Holly Carr, 085 777 8568 holly@mediaconsult.ie
