Price of houses jumps by €14,000 in six months
And auctioneers warned last night that the prices could increase by the same amount in the next six months. The national average price for a new three-bedroom semi-detached home rose almost 6% to 166,205euro by mid-July, according to the survey by the Institute of Professional Auctioneers and Valuers (IPAV) published yesterday. The cost is 9,406euro more than a similar house purchased in December.
The cities of Dublin and Cork recorded the biggest increase in prices, with the cost of a three-bed semi in the capital climbing 6.2% since December to 230,000euro, up 13,720euro. In Cork, the average price rose 8,985euro or 5.6% to 169,426euro. A breakdown of other cities was not available.