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Irish Independent
11 hours ago
- Business
- Irish Independent
Roscommon house prices rise yet again amid ‘increasingly low' supply
Amid warnings of 'increasingly low' supply in the county, the average house price now stands at €228,883. According to the latest House Price Report, house prices in Roscommon are up 4.9pc on the previous quarter. Every house type in Roscommon has risen in the past year, with one-bedroom apartments rising 25.4pc to €93,000. Four-bedroom bungalows, meanwhile, stand at €283,000 (up 13.0pc) while five-bedroom detached houses now stand at €278,000 on average (up 7.9pc). Roscommon recorded the third-highest annual increase in house prices, behind County Galway and Galway City, where prices increased by double digits respectively. Separately, the Real Estate Alliance has found that the average three-bed second-hand semi-detached house in County Roscommon has risen to €265,000, up 1.9pc from the previous quarter. In Roscommon town, prices are up 1.6pc to €310,000, In Castlerea house prices are up 2.3pc to an average of €220,000, the Q2 REA Average House Price Index shows. The average time taken to sell a house stands at four weeks. Seamus Carthy of REA Seamus Carthy, a Roscommon town-based auctioneer, said: 'Supply for desired stock is becoming increasingly low in the county, with demand for ready-to-go family homes at the top of the list. 'Supply of older stock and refurbishment projects is improving but difficulty securing tradespeople may be dampening the desire among some, which could counteract the grants benefit of such a property. ADVERTISEMENT 'We are seeing a shift, as landlords begin to bed in again and hold on to property for the long term.' The RED survey found that 70pc of purchasers in County Roscommon were first-time buyers. Meanwhile, 20pc of sales in the county this quarter were attributed to landlords leaving the market. Agents across the count also y reported that the BER ratings of properties saw A-rated properties command 25pc price increases in comparison to comparable C-rated properties.
Irish Independent
12 hours ago
- Business
- Irish Independent
Mayo records notable house price increases amid ‘very low supply'
According to the latest House Price Report, the average house price in Mayo in Q2 of 2025 stood at €234,406. This is 52.3pc higher than pre-Covid prices and 4.1pc higher than the previous quarter. Every house type in Mayo recorded an increase in prices. Most notable was the price of a one-bedroom apartment, which jumped from 23.4pc to €102,000. This comes amid a nationwide annual increase in house prices. County Laois recorded the biggest annual increase, rising 16.6pc to €284,031 while Monaghan rose 2.2 pc to €245,222. Dr Ronan Lyons, author of the House Price Report, said the housing market was 'starved of supply' at present. 'The underlying reason is largely unchanged. There are simply too few homes on the market at the moment,' he said. Today (Monday, June 23) there are 868 properties in Mayo listed for sale on Elsewhere, the Real Estate Alliance (REA) has found that the average price of a second-hand three-bed semi-detached house in Mayo has increased to €265,000. This represents a 8.2pc increase in just three months – the highest increase of any area recorded during that period. According to the Q2 REA Average House Price Index, the average time taken to sell a property has increased by one week to a total of five. 'We are experiencing very low supply, with a total of just seven properties sold in Castlebar in this quarter,' said Robert McGreal of REA McGreal Burke. 'There are eleven properties on market currently with an average of €265,000 as well.' ADVERTISEMENT The survey shows that across the county, 50pc of purchasers were first-time buyers. A 20pc of sales in Mayo this quarter were attributed to landlords leaving the market. Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 28pc price increases in comparison to comparable C-rated properties. Castlebar-based auctioneer Kevin Beirne told the Irish Independent that new building regulations were contributing to house price inflation. 'There is such a different now between a modern new home with all the building regulations and the energy efficiency of them, that's why there is such a difference in the price. Building materials and triple-glazed windows and all that are longer lasting,' he said.
