Louth semi detached price rises to €180,000
THE price of the average threebed semi in Louth has risen 1.98% to €180,000 in the last three months, according to a national survey carried out by Real Estate Alliance.
The REA Average House Price Survey concentrates on the actual sale price of Ireland’s typical stock home, the threebed semi, giving an up-to-date picture of the property market in towns and cities countrywide to the end of Q3 this week.
‘Prices haven’t moved much but supply is getting tighter and buyers are feeling they are getting pinched in every way’, said Darina Collins from REA O’Brien Collins in Drogheda.
‘We have noticed that firsttime buyers are wanting to hold back regarding the possible incentives in 2017,” said Michael Gunne, REA Gunne Property, Dundalk.
The average three bed semi nationally now costs €200,093, an increase of €4,732 (2.42%) since the end of June. This is a rise of 6.37% against the same time last year.
The Central Bank’s mortgage deposit rules are still being keenly felt in the commuter areas, with most rises occurring in towns where three-bed semis are available for under the deposit threshold of €220,000
The immediate aftermath of the Brexit vote has had an effect in the north west where Donegal is the only county to register a three-month fall on 1.73%.
This has been most keenly felt in traditional holiday home spots like Bundoran where the average semi has dropped by 3.41% in three months.