Average price of 3-bed-semi rises to €200k

Average price of 3-bed-semi rises to €200k

The average price of a three bed semi has risen to €200,000 for the first time since the property crash.

Data from Real Estate Alliance shows prices in Dublin have jumped by almost 3% since June to €373,000.

The average Semi will cost you €68,000 in Longford - compared to €175,000 in Limerick - a rise of almost 5%.

Michael O'Connor from Real Estate Alliance says the lack of supply is a huge factor: "While I appreciate that in the budget next month the minister is trying to come up with some incentives, I believe that really we have to concentrate on supply.

"That's where our problem is, there is no point giving incentives to buyers, it's great but all it is doing is upping the demand and there is nothing happening with the supply and obviously prices are going to continue to go up."


More in this Section

Fatal assault of homeless man in Cork: ‘More will die on our streets’, charity worker saysFatal assault of homeless man in Cork: ‘More will die on our streets’, charity worker says

Man due in court in relation to a loaded gun found in Dublin parkMan due in court in relation to a loaded gun found in Dublin park

Homeless man, 53, murdered in Cork city was a 'talented chef' who served Elton JohnHomeless man, 53, murdered in Cork city was a 'talented chef' who served Elton John

Katherine Zappone aware of distress at Tusla refusalsKatherine Zappone aware of distress at Tusla refusals


Lifestyle

Helen O’Callaghan says we are the least strict in all of Europe.Praise over punishment: Irish parents least strict in Europe - study

Kya deLongchamps detects a hint of rebellion behind the ritual of afternoon tea.Vintage View: English tradition of afternoon tea won't exit with Brexit

Friends and Young Offenders actors Shane Casey and Dominic MacHale speak to Pat Fitzpatrick about struggling to make it but why they are not seeking out fame.‘I was down to a euro’ - The Young Offenders actors tell of struggle to make it in acting

Gerry Fitzgerald runs Bandon Books Plus in Riverview Shopping Centre, Bandon, Co Cork.We Sell Books: Turning over a new leaf from bank to bookshop in Bandon

More From The Irish Examiner