CORMAC SHEEHY, MD, RE/MAX PROFESSIONAL PARTNERS
As property stock continues to drop prices continue to rise, but is there an end in sight?
We have gone through the last 15 months with a very uncertain picture ahead but now as we seem to be exiting the haze of the pandemic what will happen in the property market?
As we have outlined here previously, the lack of supply brought about by poor policy making at both local and national government levels, has resulted in little or ni building stock being constructed in the Midlands region - this, despite an explosion in population growth.
According to the daft.ie Q1 report the average listing price in Westmeath is up 10.8 percent to €230,690 which is approximately €40,000 less than the national average listing price year on year.
Currently, there are very few Athlone properties available on the market and those houses that are are listed up to 20 percent higher than they were three years ago.
With no real building plans in sight it is very hard to see that this will stop anytime soon.
We now have a huge list of property purchasers who are either mortgage approved or cash buyers eager to buy a new home.
If you want a no obligation consultation please call RE/MAX Professional Partners Athlone on 0906417024 or call our agents, Cormac Sheehy on 0863519492, Cathal Meares on 0861409158 or John Leahy on 0872073226.