The price of the average second-hand three-bed semi in Waterford city has increased to €300,000, up 1.7% from €295,000 in the last three months, according to a national survey by Real Estate Alliance.
The market in Waterford county this quarter increased to an average of €250,000, up 2% from €245,000, the Q1 REA Average House Price Index shows.
The survey shows that 75% of purchasers in the city and 50% across the county were first-time buyers, and 20% of purchasers in both the city and across the county were from outside of the county.
A total of 30% of sales in the city and 25% in the county this quarter were attributed to landlords leaving the market.
Across the county, the average time taken to sell currently sits at four weeks, while the time to sell in the city is currently at an average of six weeks.
Major cities outside the capital experienced the highest rise in the Q1 survey – up by an average of over €5,000 in the last three months.
The 1.8pc increase is equivalent to an average selling price of €328,750 with the annual rate of increase at 6pc.
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