The average price of a three-bed semi-detached house rose by 9.1% over the past 12 months, down from an 11.3% rise in 2017, according to a new report. The Q1 REA Average House Price Index found that commuter counties continued their recent steady growth with a 1.4% increase in Q1, with the average house now selling for €235,900 – a rise of €3,000 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. The average semi-detached house nationally now costs €229,111, the survey has found – a rise of 1.5% on the Q4 2017 figure of €225,806. The country’s major cities outside Dublin recorded a combined Q1 rise of 2.1%, with an average three-bed semi costing €243,750.

Source: Evening echo March 26, 2018 06:22 UTC