Mayo property prices rise €5,000 in past year

Property prices in Mayo have risen by €5,000 in the last year, according to the latest MyHome.ie Property Report, in association with Davy.

The report for quarter one, 2019, shows that the median asking price for a property in the county, now stands at €155,000. While this was unchanged from the previous quarter, it is a 3.3 per cent increase on this time last year.

The rise in prices was reflected in the asking price for a three-bed semi-detached house in the county, which was up 3.6 per cent in the quarter from €140,000 to €145,000. This contributed to an annual increase of 11.5 per cent, with prices now €15,000 up on this time last year when they stood at €130,000.

Prices for this house type are now at their highest level since they stood at €149,000 in quarter two 2012.

The asking price for a four-bed semi-detached house in Mayo was up 2.5 per cent in the quarter from €150,000 to €153,750. This contributed to an annual increase of 10.2 per cent, with prices now €14,250 ahead of where they were 12 months ago at €139,500. The number of properties for sale in Mayo on MyHome.ie was down 6.4 per cent in the last quarter and by 3.7 per cent on this time last year.

Advertisement

 

Page generated in 0.1459 seconds.