independent

Saturday 1 November 2014

Signs property market may be stabilising

PRICE OF SOME HOUSES UNCHANGED IN LAST QUARTER

Published 02/01/2013 | 09:35

THERE ARE signs the property market in Wicklow is stabilising after the median asking price for three and four-bed homes remained unchanged in the last quarter of 2012 from quarter 3.

According to the latest house price survey from MyHome.ie the median asking price of a three-bed semi in the Garden County remains at € 225,000 while a four- bed remains at €320,000.

The annual percentage fall in Wicklow of 8.2 per cent for bed semis is the second smallest in the country outside of Dublin, while the annual percentage fall of 5.7 per cent for a 4 bed home was the fourth shortest drop in prices nationally in 2012.

Nationally house prices fell by 2.9 per cent in quarter 4 to bring the annual rate of decline for 2012 to 14.8 per cent. The number of transactions in 2012 was up 15.4 per cent compared to 2011, with the average asking price nationally standing at €201,000, down 51.5 per cent from the peak.

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