House price increases in some of the more affordable counties in Ireland have jumped by up to three times above the national average in the first three months of the year.
The details are revealed in the latest REA Average House Price Index which shows houses prices have jumped considerably in counties where better value is offered.
House buyers are willing to move from Dublin and larger cities in search of affordability, with three-bed houses in Longford, selling at an average of €181,700 – a rise of €7,700 (4.4pc) in just 12 weeks, or well over 1pc a month.
This level of increase is more on a level which was encountered in during the Celtic Tiger boom years.
The national average selling price of a three-bed, semi-detached house is now €308,235 which is up 1.3pc in the same three-month period.
The REA Average House Price Index, a quarterly bulletin that analyses up-to-date sale prices of Ireland’s typical stock home, gives an accurate picture of the second-hand property market in towns and cities countrywide.
Similar rises have been reported in other more affordable counties like Cavan and Tipperary, with prices up €17,500 (7pc) in Nenagh in the first quarter of this year being the highest recorded nationwide.
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