Sharp price falls in Roscommon properties

The price of three bed semis in County Roscommon has dropped 7.8 percent in the past year, according to a recent survey by, giving better value for home buyers. The recent report showed that while prices in Roscommon dropped by 7.8 percent, prices in adjacent Leitrim rose by 1.4 percent, bucking the national trend, which showed a decrease of 1.7 percent nationally.  The NCB Barometer, based on an analysis of all properties advertised on over the period, shows the sharpest price drops in Dublin of -1.4% in the last quarter of 2007, but with certain sectors and regions showing greater decreases.  The price movements in Q4 for three-bed semis varied:  -1.3% in Leinster (excl Dublin); -2.9% in Dublin West; -1.3% in Cork city and -2% in Munster while in Connacht-Ulster prices for four-bed detached houses dropped -1.5% in the quarter. Drops Commenting on the results, Rahara native Jim Miley, Chief Executive of said: ‘This latest Barometer Report confirms that we are now firmly in a buyers market. However, the further drops in asking prices over the final quarter of 2007 indicate that sellers are beginning to face up to the reality of the market and accept lower prices. Estate agents are reporting some increase in transaction activity but it will take more time to clear the overhang of stock in the market.’