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Monaghan the only county in the Region to see decrease in average house price during Q4 of 2020

Jan 5, 2021 13:01 By News Northern Sound
Monaghan the only county in the Region to see decrease in average house price during Q4 of 2020 Monaghan the only county in the Region to see decrease in average house price during Q4 of 2020
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Monaghan is the only county in the Shannonside Northern Sound Region to see a decrease in the average house price during Quarter 4 of 2020.

Monaghan is the only county in the Shannonside Northern Sound Region to see a decrease in the average house price during Quarter 4 of 2020.

MyHome.ie has today published its property report for the end of last year, which shows that the annual asking price inflation rose by 6.3% nationally.

House price inflation increased at its fastest pace in almost three years during Quarter 4 of last year.

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The trend confounds warnings made early in 2020 that Ireland’s housing market could suffer ‘double-digit’ price declines.

Locally, Monaghan was the only county to see a decrease in asking price down 3.39% on 2019 to €235,000.

Leitrim’s housing costs remained unchanged at €110,000.

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However, Cavan saw an increase of 3.45%, with an average cost of €150,000 for a property, and Roscommon had the second highest inflation locally of 4.5% to €104,500.

Longford recorded the greatest annual increase in the region at 5.26%, with the median asking price in the county coming in at €100,000.

The national average is reported to be over €257,000, meaning each county in the region still comes in below it.

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