The average house price in County Waterford dropped in the second quarter of 2020 by 7.8% to 219,854 euro
That's according to the latest Daft. Housing Market Report
Waterford city also saw a drop of 5.5% and now the average sales price is 173,848 euro.
According to the report, the average asking prices for Waterford city is as follows:
1-bed apartment: €72,000 (-14%)
2-bed terraced: €90,000 (-18%)
3-bed semi-detached: €133,000 (-14%)
4-bed bungalow: €238,000 (-14%) and
5-bed detached: €274,000 (-19%)
In the county, the average asking prices differ slightly:
1-bed apartment: €87,000 (-12%)
2-bed terraced: €101,000 (-14%)
3-bed semi-detached: €142,000 (-8%)
4-bed bungalow: €272,000 (-16%) and
5-bed detached: €286,000 (-12%)
The number of properties available for rent has increased by just over a fifth year-on-year, according to a new Daft.ie report.
In Dublin the figure has risen by 63 percent, with short term lets which are usually used by tourists moving into the wider market.
The average cost of rent in the capital has dropped slightly, at just over 2,000 euro - nationally the average cost is about 1,400 euro
Author of the report Ronan Lyons has noticed that trends in Connacht and Ulster are going the other way to the rest of Ireland:
"After two pretty volatile months, in terms of changes in listed prices, the month of June was largely calm”.
“Market activity rebounded strongly in June, perhaps reflecting an element of pent-up demand carried over from April and May. This is particularly the case for sales, where over 5,200 homes were listed for sale during the month, compared to roughly 2,000 in both April and May.” Nonetheless, the figure remains below the total for June 2019.”
“In the rental segment, however, significantly more homes were listed in June this year than last. The concern remains that policymakers see this as the underlying problem solved. While the new government may want to favour the construction of owner-occupied homes, the fundamental shortages are in the social and market rental segments and it is those segments that must be the focus for policymakers over the coming years.”
