The price of the average three-bed semi in County Tipperary is expected to rise by 7% in the next 12 months, according to a survey by Real Estate Alliance due to limited supply.
A 3% increase is forecast for the country in general.
Three-bed semi-detached homes in county Tipperary now cost an average of €213,750, up 6% on the December 2021 average of €201,750, and a 1.8% increase in the past three months according to data from the final quarter of 2022.
The survey concentrates on the actual sale price of Ireland’s typical stock home, the three-bed semi, giving an up-to-date picture of the second-hand property market in towns and cities countrywide.
First time buyers made up 61% of the market in Q4 2022, with 10% of sales coming from outside the county with the average time taken to sell being four weeks.
Nenagh prices increased by 4.5% to €230,000 in the last quarter – a trend that is expected to continue due to no new stock being built.
Average prices in Newport and Clonmel were unchanged at €220,000.
Average prices in Roscrea this quarter rose by 2.8% in the past three months to €185,000.
The company has offices in these four Tipperary towns.
The actual selling price of a three-bedroomed semi-detached house across the country rose by 0.36% over the past three months to €291,667 – representing an annual increase of 8%.
However, house prices in Dublin have fallen slightly by -0.34% in the same period, as mortgage interest rate rises and cost of living increases stem the stream of potential homeowners.
