If you have a three bed semi and you put in on the market now, it’s likely that withing a month you will find a buyer. The demand is on the rise, pushing up not just the sale price, but also the sale times.
REA agents figures show that an average three bed semi in Dublin cost around 415 000 euro, a 2.6 percent rise over the last three months and 14.1 percent increase over the last year.
And REA agents in areas of south Dublin such as Tallaght, Clonskeagh and Dun Laoghaire are reporting that properties which took seven weeks to sell a year ago, are now moving to sale agreed in 21 days.
The national average around the country for a semi-detached house is now around 215 000 euro, a similar increase as in Dublin.
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.
Prices in the major cities of Cork, Galway, Limerick and Waterford rose by 1.9 per cent in Q2 and 9 per cent on the year, the survey found.
The average three-bed semi now costs € 311,000 in Cork (+2 per cent), € 245,000 in Galway (+2.1 per cent) and € 185,000 in Limerick (+3.9 per cent).
The only “loosers” in this equations are the border towns, affected by Brexit, with almost no price modifications in those towns, contrary to the national average.