Tuesday 20 August 2019

Wexford house prices rise, shortage of suitable stock

the price of the average three-bed semi in County Wexford has risen 3.1 per cent to €165,000 in the last three months, according to a national survey carried out by Real Estate Alliance.

Property prices in the county have risen by 17.9 per cent in the past year, from a base of €140,000 in June 2016, the survey has found.

There is a lack of suitable stock on the market, with time taken to sell increasing from five weeks in Q1 to seven weeks in Q2, according to Robert McCormack, of Wexford-based REA McCormack Corish.

The REA Average House Price 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 property market in towns and cities countrywide.

The average semi-detached house nationally now costs €215,269, the Q2 REA Average House Price Survey has found - a rise of 2.5 per cent on the Q1 figure of €209,944.

Overall, the average house price across the country has risen by 11.2% over the past 12 months.

Wexford People

Most Read