Wicklow House Prices Up 2.8pc In The Past Three Months.

The price of the average second-hand three-bed semi in County Wicklow has increased to €386,000, up 2.8pc from €375,600 in the last three months, according to a national survey by Real Estate Alliance.

The price of the average second-hand three-bed semi in County Wicklow has increased to €386,000, up 2.8pc from €375,600 in the last three months, according to a national survey by Real Estate Alliance. Across the county, time taken to sell is currently five weeks, the Q1 REA Average House Price Index shows.

Average prices in Blessington increased by 4pc to €390,000, with time to sell currently four weeks. Baltinglass prices increased this quarter to 1.9pc to €270,000, and time to sell in the area currently six weeks.

“Shortage of supply of second-hand three-beds is causing unexpected increased pricing, with a two-bed in Blessington delivering an exceptional result of €355,000,” said Simon Murphy of REA Murphy Baltinglass and Blessington.“We have seen some recent unexpected instructions from landlords on long-standing rentals, with some private landlords also seeking to add to existing portfolios. “The landlords selling now may be a natural progression, rather than indicative of a sentiment of landlords wanting to leave the market generally, which had been the case in recent market memory.”The survey shows that across the county, 85pc of purchasers were first-time buyers, the highest reported in the country this quarter. The REA Average House Price Index concentrates on the sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.