Prop­erty sur­veys in­ci­date slight in­crease in Wick­low house prices last year

Wicklow People (Arklow) - - NEWS -

THE price of the av­er­age three-bed semi in Co Wick­low has risen 1.5 per cent to €257,500 in the last three months, ac­cord­ing to the lat­est na­tional sur­vey car­ried out by Real Es­tate Al­liance.

The sur­vey in­di­cates that in Wick­low town the av­er­age three-bed semi will now cost €290,000 com­pared to €335,000 in Bray, while in Balt­in­glass the av­er­age house price has risen to €160,000, up 3.2 per cent in the quar­ter.

Ac­cord­ing to Matt Forkin from REA Forkin, new homes on the mar­ket are lead­ing to less de­mand for sec­ond-hand houses in some Wick­low lo­ca­tions.

REA Mur­phy re­port that prices have risen by 3.7 per cent in north west Wick­low, with an av­er­age in­crease of €10,000 over the past three months.

The av­er­age semi-de­tached house na­tion­ally now costs €215,269, the quar­ter two REA Av­er­age House Price Sur­vey has found – a rise of 2.5 per cent on the quar­ter one fig­ure of €209,944.

Over­all, the av­er­age house price across the coun­try has risen by 11.2 per cent over the past 12 months – in con­trast to the 4.5 per cent in­crease reg­is­tered to the full year to June 2016.

The com­muter coun­ties Louth, Meath, Kil­dare, Wick­low, Car­low and Laois con­tin­ued to re­bound af­ter a rel­a­tively static end to 2016 and saw an in­crease of 2.6 per cent in the quar­ter, with the av­er­age house now sell­ing for €223,267.

Ac­cord­ing to a sim­i­lar sur­vey pub­lished by on­line prop­erty ser­vice, Wick­low prices in the sec­ond quar­ter of 2017 were 11 per cent higher than a year pre­vi­ously, com­pared to a rise of 4 per cent seen a year ago.

The av­er­age house price is now €315,000, 55 per cent above its low­est point.

And ac­cord­ing to My­ the stong pick up in prices in quar­ter two last year was less ev­i­dent in Wick­low than in other parts of the coun­try.

The re­port in­di­cated that the me­dian ask­ing price of a 3 bed semi-de­tached prop­erty in the county was un­changed for the third straight quar­ter at €285,000.

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