THE price of the average second-hand three-bed semi in Donegal rose by 3.6 per cent to €215,000 in the last three months, according to the latest national survey by Real Estate Alliance.
Across the county, the average time taken to reach sale agreed was five weeks, the Q1 REA Average House Price Index shows.
“The Northern Ireland market continues to have a strong influence, along with first time buyers, however we are seeing investors going out of the market,” said Roger McCarrick of REA McCarrick and Sons, Bundoran.
Average Bundoran prices rose 4.8 per cent this quarter to €220,000, while prices in Milford rose 2.4 per cent this period to an average of €210,000.
“There is still strong demand for properties, as the supply is still limited,” said Paul McElhinney of REA McElhinney, Milford.
The survey shows that across the county, 33 per cent of purchasers were first-time buyers, while a total of 55 per cent of sales in the county this quarter were attributed to landlords leaving the market.
Additionally, the survey found A-rated BER properties in the county are commanding 22 per cent price increases in comparison to C-rated properties.
The REA Average House Price Index concentrates on the sale price of Ireland’s typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.
The actual selling price of a three-bed, semi-detached house across the country rose by 1.5 per cent in the past three months to €364,747.
This represents a 7.67 per cent annual rise – slowing gradually from the 9 per cent increase registered six months ago.
With energy prices coming into focus, agents are reporting that there is a renewed focus on heating costs, with the A-rated v C-rated BER price premium rising to 13 per cent, up from 10 per cent at the end of December.