Drop in residential property sales

 

 

Residential property sales in Roscommon fell by almost 10% according to a new study.

   The study, based on an analysis of the Property Price Register, saw property sales in Roscommon decrease by 9.5% in the space of a one-year period.

  These figures show that for the first half of 2018, 379 properties were sold in the county, while for the opening six months of 2019, this figure fell to 343.

  However, the value of property purchases in Roscommon rose by 1.4% during the same time period.

  In 2018, the total sales figure for the first six months of the year was 43,330,903. This has risen to 43,944,610 for the opening half of 2019.

  Roscommon’s sales figure for 2019 is the third lowest among the nine counties surveyed, with only Leitrim and Monaghan having lower property values.

  Galway saw the biggest rise in sales with a 6.4% increase, although the value of properties in the county fell by 1.1% during the one-year period.

  Leitrim had the lowest value of sales during the period – at €20.8 million – with the value of property falling by 14.5%.

  The study shows that the number of sales nationally during the first half of 2019 increased by 1.2% compared to the same period last year. 

  There were 25,192 sales nationally in the first half of the year. The value of those transactions stayed relatively steady, just 0.6% lower than in the same period a year ago.