The price of the average three-bed semi in Laois rose by 5.4 percent to €195,000 between June and September, according to a national survey carried out by Real Estate Alliance.
Laois house prices rose by 21.9 percent in the last 12 months, the biggest county year-on-year increase in the country, the survey found.
“Prices have increased and demand is up. People are moving from Dublin to commute,” said Seamus Browne of REA Seamus Browne, Portlaoise.
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 to the close of last week.
Average house prices
The average semi-detached house nationally now costs €234,824, the Q3 REA Average House Price Survey has found – a rise on the Q2 2018 figure of €232,441.
Overall, the average house price across the country rose by 5.8% over the past 12 months – a decrease on the 8% recorded to June and indicating that the market is continuing to steady after an 11.3% overall rise in 2017.
Growth in the commuter counties also slowed to 0.9% in the last three months, with the average house now selling for €248,528 – a rise of €2,000 on the second three months of the year.
“These are areas where many buyers can still escape with a 10% deposit, it is still largely not economic to build new homes, and the dwindling supply existing stock at lower rates is disappearing,” said REA spokesperson Barry McDonald.
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