independent

Thursday 24 April 2014

Slight rise in house prices for early 2012

HOUSE asking prices increased slightly in Wicklow in the first quarter of 2012 according to a report released by Daft.ie.

The average asking price in Wicklow for the first three months of the year was €235,351 which represents a one per cent rise from the previous quarter.

' The latest figures, which suggest more stable asking prices and increased activity, may come as something of a surprise given general economic conditions,' said Ronan Lyons, economist at Daft.ie.

'It is possible that the market was waiting to see if the substantial reductions seen in late 2011 would have an impact,' he continued.

'Optimists will also point out that, compared to fundamentals such as rents and incomes, prices in areas such as Dublin city centre do not seem unrealistic. Nonetheless, it is unlikely that prices will stabilise nationally until there is a substantial increase in activity, which itself will require mortgage lending by banks.'

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