Tuesday 22 August 2017

Revealed: How much a three bedroom semi-detached house is in each of these counties

Photo: Stock
Photo: Stock

Daniel O'Connor

The cost of a semi-detached three bedroom home here has risen by around €24,000 in the last six months, a new report has revealed.

Buyers will have to fork out an average of €251,5000 for a new home nationally as mix-adjusted prices on new property have jumped by 5pc in just three months.

The study by MyHome.ie found that Co Longford is now the cheapest place to buy a three-bed semi-detached house, at around €70,000.

Homes in Roscommon, Leitrim and Donegal will also set you back less than €100k.

Unsurprisingly, Dublin is still the dearest place to buy a home in the country, with a three bed semi-detached house costing almost €300,000.

Sligo was the only county in Ireland to see a drop in house prices in the last three months, a 5pc fall to €122,500.

On the other side of the coin, Kilkenny experienced the sharpest rate of inflation throughout the last three months as the average price rose by 10pc to €165,000.

The report’s author Conall MacCoille is attributing the ‘Help-To-Buy’ scheme as having a noticeable impact on inflation in the housing market.

“Did ‘Help-to-Buy’ contribute to house price inflation? What evidence there is suggests it did, as the price of newly built homes is rising much faster than existing dwellings,” Mr. MacCoille said.

Read more:  Help-to-Buy sees average Dublin house price rise €32,000 this year

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“The 1,679 ‘Help-to-Buy’ claims approved to date have cost €24.5m. This means that the average ‘Help-to-Buy’ cash rebate has equalled €15,000, or 5% of a €300K newly built home.

“Given the 7,275 applications received so far, the initial estimate that the scheme would cost €50m may now seem conservative.”

Here’s how much you’ll need to pay for a three bed semi-detached house in each county:

Connacht

Galway:  €200,000 (+1.01pc)

Mayo: €129,250 (+3.4pc)

Leitrim: €85,000 (unchanged)

Sligo: €122,500 (-5.04pc)

Roscommon: €75,000 (unchanged)

Leinster

Carlow: €135,000 (+3.85pc)

Dublin: €295,000 (+1.72pc)

Kildare: €200,000 (+0.38pc)

Kilkenny: €165,000 (+10pc)

Laois: €130,000 (unchanged)

Longford: €70,000 (unchanged)

Louth: €185,000 (+5.71pc)

Meath: €199,000 (+2.05pc)

Offaly: €130,000 (+2.36pc)

Westmeath: €139,000 (+2.36pc)

Wexford: €155,000 (+4.03pc)

Wicklow: €285,000 (unchanged)

Munster

Clare: €143,750 (+0.83pc)

Cork: €220,000 (+4.76pc)

Kerry: €140,000 (+3.7pc)

Limerick: €159,500 (+2.9pc)

Tipperary: €135,000 (+1.89pc)

Waterford: €150,000 (+0.33pc)

Ulster

Cavan: €125,000 (unchanged)

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