Cork city property prices expected to rise by 5% this year despite pandemic impact

 

The price of the average three-bed semi in Cork City is expected to rise by 5% over the next 12 months, according to a survey by Real Estate Alliance (REA).

Despite the expected impact of the Covid-19 pandemic on the market, prices increased by €5,000 between September and December to €325,000, a rise of 1.6%, the Q4 REA Average House Price Index shows.