Cavan sees one of the largest increases in property prices in Ireland

County Cavan had one of the largest increases in property prices in the country over the last three months.

That’s according to the latest National Survey carried out by Real Estate Alliance.

 

Prices in County Cavan rose by 6.6% in the last three months to €105,000.

That’s a 37% increase since June last year – where the average house cost just over €76,500.

In Cavan town, the average three bed semi soared by 11.6% in the last three months from €112,000 to €125,000.

That’s the largest increase in the State in the last three months, and was driven by a low supply of suitable housing and an increased amount of buyers in the market.

Meanwhile in Monaghan, the average three bed semi has risen by 1.3% – and now costs €152,000.

Since June last year, that’s an increase of 16.9%, when the average house cost €130,000.

A lack of supply and strong rent is also seen as the cause behind the price increases in County Monaghan as well.