The average price of a house across Cavan and Monaghan continues to rise according to a new report.
According to the Q4 myhome.ie report, the price of a 3-bed semi in Monaghan is up €25,000 on the same time last year
Property prices in Cavan have risen by €5,000 during quarter 4 of 2024. The report, done in association with Bank of Ireland, shows that the median asking price for a property in the county is now €225,000. This means prices have risen by €26,000 compared with this time last year. Asking prices for a 3-bed semi-detached house in the county rose by €5,500 over the quarter to €192,500. This is up €17,500 compared to last year. Meanwhile in Monaghan, asking prices for a 3-bed semi-detached house in the county rose by €12,500 over the quarter to €200,000. This means that prices in the segment have risen by €25,000 compared to this time last year.
Speaking on the Joe Finnegan show this morning, Joanne Geary from MyHome.ie says relaxed first time buyer borrowing rules are having an inflationary effect on prices
