Thursday 8 December 2016

Roscommon house prices

Published 14/05/2010 | 15:05

Roscommon has experienced a much more modest price fall than what has occurred in other counties. For example, new three-bedroom semi-detached houses are quoted at €170,000, down only 19pc from peak values, although a second-hand house of the same type has fallen by as 31pc to around €140,000.

  • Go To

New four-bedroom semi-detached are down to €180,000, a drop of 20.0pc compared to second-hand four-bedroom semi-detached which are down 28.9pc to €160,000.

A particularly high proportion of the county's total housing stock is detached houses (76pc).

Semi-detached (15pc) and terraced houses (4pc) make up the majority of the rest.

Roscommon also has one of the highest rates of home ownership in the country, with the owner-occupancy rate at 82pc.

Having been part of the rural renewal tax incentive scheme, over 10,000 homes were built in the county between 2000 and 2009.

Consequently Roscommon appears to suffer from a large degree of over-supply.

The total proportion of housing stock for sale stands at 7.2pc, by far the highest county.

All agents surveyed reported increased sales activity in the first four months for 2010, compared to Sep-Dec 2009 but the time it takes to sell ranges between 20 and 52 weeks.

This improvement in sales should help to reduce the significant level of unsold stock.

Agents also report no change in the volume of stock available for sale on the market since the beginning of the year.

Examples of recent sales include a new four-bedroom bungalow with builder's finish in Knockcroghery sold for €325,000, while a second-hand four-bedroom dormer overlooking the water in Lecarrow sold for €265,000.

Another agent struck a rather optimistic tone, and expressed the belief that the "majority of well-built suitable houses will be sold over the summer months", with the prospect of a shortage of countryside properties with no new properties being constructed.



Search houses for sale in Roscommon



New One-Bedroom Apartment

Current Price: na

Peak Price: na

Change: na



Second-hand One-Bedroom Apartment

Current Price: na

Peak Price: na

Change: na



New Two-Bedroom Apartment

Current Price: na

Peak Price: na

Change: na



Second-hand Two-Bedroom Apartment

Current Price: €100,000

Peak Price: €140,000

Change: -28.6pc



New Two-Bedroom Townhouse

Current Price: na

Peak Price: na

Change: na



Second-hand Two-Bedroom Townhouse

Current Price: €130,000

Peak Price: €185,000

Change: -29.7pc



NewThree-Bedroom Townhouse

Current Price: €150,000

Peak Price: €190,000

Change: -21.1pc



Second-hand Three-Bedroom Townhouse

Current Price: na

Peak Price: €185,000

Change: na



New Three-Bedroom Semidetached

Current Price: €170,000

Peak Price: €210,000

Change: -19.0pc



Second-hand Three-Bedroom Semi-detached

Current Price: €140,000

Peak Price: €203,000

Change: -31.0pc



New Four-Bedroom Semidetached

Current Price: €180,000

Peak Price: €225,000

Change: -20.0pc



Second-hand Four-Bedroom Semi-detached

Current Price: €160,000

Peak Price: €225,000

Change: -28.9pc



New Four-Bedroom Detached

Current Price: €185,000

Peak Price: €240,000

Change: -22.9pc



Second-hand Four-Bedroom Detached

Current Price: €203,000

Peak Price: €280,000

Change: -27.5pc



New Five-Bedroom Detached

Current Price: €205,000

Peak Price: €260,000

Change: -21.2pc



Second-hand Five-Bedroom Detached

Current Price: €228,000

Peak Price: €310,000

Change: -26.5pc

Irish Independent

Read More

Promoted articles

Editors Choice

Also in Life