The price of the average second-hand three-bed semi in County Cavan has increased to 202,500, up 5.2pc from €192,500 in the last three months.
That's according to a national survey by Real Estate Alliance that has been released today.
Over the last three months, the average time taken to sell across the Cavan is four weeks, the Q1 REA Average House Price Index shows. Ballyconnell prices rose 5.7pc this quarter to €185,000, while prices in Cavan town increased to €220,000, up 4.8pc during this period.
James Spring from REA Donohoe Spring based in Ballyconell and Carrigallen says it comes down to limited supply and high demand. He said there are very few new houses which are significantly higher priced than second hand and in turn is fueling the prices of secondhand homes.
