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'People are anticipating a harsh winter' says local estate agent

Oct 3, 2022 16:10 By News Northern Sound
'People are anticipating a harsh winter' says local estate agent 'People are anticipating a harsh winter' says local estate agent
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Mr Conlon says an increase in interest rates, the cost of construction and rising energy bills are just some of the factors at play.

The price of the average second-hand three-bed semi in County Cavan has remained unchanged in the last three months at €168,000, according to the latest national survey by Real Estate Alliance.

Over the last three months, the average time taken to sell in the area increased by one week for a total of three weeks.

Additionally, agents are reporting that 70% of purchasers this quarter were first-time buyers, with 30% of buyers coming from outside of the county.

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This quarter, prices in Ballyconnell are reported as unchanged at €150,000, while prices in Cavan Town currently stand at at €185,000.

Speaking to Northern Sound, Dermot Conlon, of REA Gunne Property in Carrickmacross said that while prices remain steady, the market is still under-supplied, with the introduction of a 10 per cent levy on building blocks causing further "frustration."

He added that bidding is currently competitive, with some buyers being pushed outside Cavan Town:

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