Wednesday 13 November 2019

Average house price in Wexford stands at €155,000

House prices on the rise.
House prices on the rise.

By Esther Hayden

The average house price in Wexford is now €155,000 according to the latest report.

The report which is out this morning (Tuesday) shows that house prices in Wexford between March and June of 2015 were 13 per cent higher than a year previously. This compares to a rise of eight per cent last year. The average house price in Wexford now stands at €155,000, 24 per cent above its lowest point.

It is also significantly lower than the average nationwide price which is €202,000.

For the country as a whole, the average asking price for a house in Ireland grew by 1.9 per cent in the second quarter of 2015.

'This means that in all but one of the last seven quarters, the average price has risen nationwide, although the pace of growth has slowed from an average of 5 per cent to less than 2 per cent. The average price nationwide is now €202,000, compared to a low of €164,000 in mid-2013 and a peak of €370,000 in 2007.

Commenting on the figures, author of the Report Ronan Lyons said: 'The second quarter of 2015 saw the last of those buying under the old mortgage rules and already the Central Bank regulations about borrowing are having a clear impact not only on overall house price growth but also on the spread of house prices. In each of the five most expensive markets in the country - Dublin 4, Dublin 6, Dublin 6W, Dublin 14 and South County Dublin - average prices currently are more or less unchanged from September 2014, when the Central Bank announced it would be capping mortgages.

'On the other hand, prices in Dublin's commuter counties have risen by more than 10 per cent in the same nine-month period.

'A reshuffling of demand from Dublin to elsewhere in the country may help general economic activity outside the capital. Ultimately, however, it does nothing to address the growing supply shortages faced by Dublin's growing population.'

Wexford People

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