January 26, 2021
Business News Property

Houses in Wicklow are €50,000 more expensive than the national average, survey finds

Just when it looked like house prices were going to level out in Wicklow, a new report says that prices are expected to rise in the next 12 months after falling 2.3% in 2019.

The price of the average three-bed semi in County Wicklow will rise by 2%, a survey carried out by Real Estate Alliance claims.

Prices in the county fell by 2.3% to €284,200 in 2019, with no change between September and December, while the average family home nationally now costs €234,704, the survey found, which means houses in Wicklow are €50,000 more expensive than the national average.

The REA Average House Price Survey concentrates on the actual sale price of Ireland’s typical stock home, the three-bed semi, giving an up-to-date picture of the second-hand property market in towns and cities countrywide.

“The market is stable, rather than falling. A predicted softening response to strong price guides has occurred, which is helpful in discussions with potential vendors,” said Simon Murphy of REA Murphy in Belssington, where average prices are €295,000, and Baltinglass (€170,000).

“The market is slow in making decisions, and bank funding is not being released with any urgency – which is typical at end-of-year when lending targets have been reached.

“The approach by banks in early 2020 will identify the extent of the Brexit factor.”

Karl Tracey of REA Forkin, Bray, where prices fell by 4% in 2019 to €340,000, but were static in the final quarter, said, “we have seen a positive end to the year, with a slight upturn in confidence in the market.”

“We are feeling positive about 2020 as Brexit moves on,” said Matt Forkin of REA Forkin in Wicklow Town, where the average price is now €310,000, down -3% in 2019, but stable in Q4.

Three-bed semi-detached houses in Dublin city registered a fourth consecutive quarter fall (-0.6%) since the end of September and have decreased by -4.3% compared to December 2018.

The price of the average three-bed semi-detached house in the capital’s postcode districts now stands at €425,833 – down €20,000 from €445,167 a year ago.

 

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