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Donegal house prices down 2% 02.04.18

DONEGAL house prices have been surveyed again with the latest report showing a drop of 2% in the first three months of this year compared to the same period in 2017.
Daft.ie's latest assessment of asking prices in the county come a week after the Real Estate Alliance reported stagnant growth in the local market for the same period.
Daft.ie found that the average Donegal house price is now €139,000 - €2,000 higher than in January - while the REA found that the average price of a three-bed semi, in particular, is €95,000.
House prices nationally rose by 2.5% during the first three months of 2018, according to Daft's latest House Price Report. The average price nationwide was €247,000, 7.3% higher than a year ago.
Compared to their lowest point in 2013, the report found that prices nationwide have risen by an average of 50% or just over €82,500.
Report author and economist Ronan Lyons said: “The picture of the housing market in Ireland currently remains one of strong demand and very tight supply pushing up prices. There are some elements for cautious optimism including an increase in transaction volumes countrywide and in stock on the market in Dublin."
He added: "Nonetheless, during a five-year period when consumer prices did not change, housing prices rose by 50%. This is an indication of how inadequate housing supply is.”
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