The price of the average three-bedroomed semi-detached house in County Roscommon rose by 4% to €130,000 in the last three months, according to a national survey carried out by Real Estate Alliance.
The REA Average House Price Survey concentrates on the actual sale price of Ireland’s typical stock home, the three-bed semi, giving an up to date picture of the property market in towns and cities countrywide to the close of last week.
Average prices in Roscommon town have now reached the €150,000 mark after a 3.6% (€5,000) increase in Q1.
According to REA Seamus Carthy, the average three-bed semi now takes six weeks to sell and 70% of all sales are from mortgage-approved buyers.
The average semi-detached house nationally now costs €229,111, the Q1 REA Average House Price Survey has found – a rise of 1.5% on the Q4 2017 figure of €225,806.
Overall, the average house price across the country rose by 9.1% over the past 12 months – indicating that the market is steadying after the 11.3% overall rise in 2017.
The rate of increase in three-bed semi-detached home prices in Dublin slowed to just 0.5% in the first three months of the year.
After rising by 12.5% in 2017, the average price in the Capital has increased by just €2,000 in the opening quarter and now stands at €440,000 – exactly twice the Central Bank’s €220,000 mortgage deposit threshold.