House prices up almost 22%, say Real Estate Alliance
The average price of a three-bed, semi-detached house rose by almost 22% over the past 12 months, according to national survey carried out by Real Estate Alliance.
In Dublin, the price hike was a little over 24%, and the average national price for a three-bed semi is now just under €180,000.
At the moment, properties are on the market for seven weeks, before being sold.
REA CEO Philip Farrell said: "Prices are continuing to rise at a pace in Dublin, but our agents are reporting that the panic buying seems have gone out of the market, with less people at viewings and houses taking a week longer on average to sell.
"The three-tier market that REA surveys have identified is still continuing, with the commuter areas out side Dublin, and larger urban areas such as Galway and Cork growing at twice the rate in the first nine months (21.88%) than the rest of the country at 11.47%."
