Price of three-bed semi falls to €180k

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THE price of the average three-bed semi in County Wexford fell by 2.7% to €180,000 in the past three months, according to a national survey carried out by Real Estate Alliance. Prices also fell by 2.7% over all, the REA 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. “Supply has increased, and demand is stable. We are seeing that Brexit is having a negative effect.”

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.

many buyers are currently holding off buying due to Brexit

“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%.

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