Price of three-bed semi-detached home in Cork up 3.7%

The price of the average three-bed semi-detached house in Co Cork has risen by 3.7% in the first quarter, while the equivalent price increase for a similar property in Cork city in the same period is 1.75%.

The REA Average House Price Survey for the first three months of this year also found that the average house in the city takes just three weeks to sell, with 60% of purchases completed by cash buyers.

A three-bed semi now costs an average of €290,000 in Cork city — the highest average amount for such a property outside of Dublin City and south Co Dublin.