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
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
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.