House buyers battle to find family homes as prices jump in commuter belt, survey finds
Potential house buyers are battling to secure affordable family homes as supply dries up in the Dublin region, a survey has found.
Frustration in the capital has led to the return of the previously unheated commuter market, which has risen by 2.9 per cent over the past three months to an average of €336,944, according to the latest quarterly REA Average House Price Index.
Larger towns, such as Ennis, Tralee, Tullamore and Athlone, have also experienced average increases of €20,000 in the past three months.
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 2.7 per cent in the past three months to €323,741.
The time taken to reach sale agreed nationally has dropped to four weeks as low supply continues to drive sales.
Actual…
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