House prices continue to rise in Donegal

house prices

 

The cost of buying a family home has rocketed across the country, despite a marked fall in the number of properties being sold.

Analysis in today's Irish Independent from the Property Price Register shows a 10 per-cent fall in houses and apartments being sold in the second quarter of this year.

Over 8-thousand houses and apartments were sold, a drop of 10 and a half percent compared with the first three months.

Yet prices have actually risen by as much as 14 per-cent.

In Donegal, the average price rose 1.6%, with the total value of properties on the market rising 8.2% and transactions up by 6.5%.

According to the report, the most expensive property currently on the market in Donegal is located in Ramelton, costing nearly 1.2 million euro.

The lack of properties on the market is also said to be pushing prices up with a rise in sales of milion euro homes.