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Donegal three bed semi-detached
now 75,000
20.04.15
THE average price of a
three bedroom semi-detached house in Co Donegal has
risen by 3.45% to 75,000 in the first three months
of 2015, according to a national survey carried out
by Real Estate Alliance.
The Real Estate Alliance Average house index
concentrates on Ireland's typical stock home, the
three-bed semi, giving a picture of the property
market in towns and cities countrywide.
It shows that it now takes seven weeks to sell the
average house in Bundoran, compared to 12 weeks in
September 2014. The rise in sterling has been a
contributory factor in a 7.69% rise in prices in the
first three months of the year to an average of
70,000.
The affordable end of the market is extremely busy
with strong demand for homes priced up to 100,000,
said Michael McElhinney from REA McElhinney in
Bundoran.
We see a shortage of supply at this end but the
market remains quite buoyant and this is reflecting
the sterling exchange rate.
Paul McElhinney from the Milford office said: There
is still strong interest in three bed semis, with
our average price at 80,000, and although supply
has eased up, there is still a steady stream and
demand has kept pace.
As a result prices are stabilised rather than
rising although over the course of the year we may
see a slight increase.
The average semi detached house nationally,
including Dublin, now costs 187,153, the survey
found.
Meanwhile, over the past six months, property price
rise rates in the rest of the country have more than
trebled that of the capital.
There have been significant increases in Carlow
(7.50%) Kilkenny City (7.41%), Waterford City (5%)
and Wexford (8%) in the first quarter, the survey
showed. |
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