Average house price in Laois soars to a record €300k
The average price of a three-bed semi in Laois has soared to a record €300k. File image
THE average price of a second-hand three-bed semi-detached home in Laois has soared to €300,000 for the first time, according to a national survey by Real Estate Alliance (REA).
The record cost follows a rise of €15,000 or 5pc in the past three months, the REA Average House Price Index shows.
Seamus Browne of REA Seamus Browne in Portlaoise reported 11pc annual growth for average house prices in the county during the same period. He said: “A good supply of new homes are still coming to the market and selling at a steady pace.”
Published on 22 September, the REA index concentrates on the sale price of Ireland,s typical home, a three-bed semi, reflecting the second-hand property market in towns and cities countrywide.
The survey showed that the announcement of a nationwide rent pressure zone triggered ‘a sharp increase’ in landlords exiting the housing market, The government’s announcement in June was followed by an immediate spike in landlord sales in many areas now included in the legislation.
REA agents in Carlow, Kerry and Waterford have reported that over 40pc of their sales are attributable to landlords in the past three months, with that figure rising to 60pc in Limerick city and 80pc in Nenagh.
The REA survey also found that properties with a BER rating of A commanded an average 17pc premium over C-rated houses, reflecting the rising attractiveness of retrofitted homes.
The actual selling price of a three-bed, semi-detached house across the country rose by 1.6pc in the past three months to €353,458, a 9.1pc overall rise annually.
The rate of increase in Dublin has more than halved in the past three months, with REA agents reporting a marked drop in viewings in the capital and homes now taking five weeks or more to reach sale agreed.
Selling prices in Ireland’s major cities outside Dublin rose by 2.2pc to an average of €368,492, an 8pc annual increase.
Homes in the country’s large towns continue to show growth nationwide, 2.2pc this quarter and 10.7pc on last September to an average of €269,199.
