Housing prices on the increase across Mayo

The price of the average second-hand three-bed semi in county Mayo has increased by six and a half percent in the last three months.

According to a national survey by Real Estate Alliance, prices have jumped from €216,000 to €230,000 since earlier this summer.

The average time taken to sell this quarter rose by one week to a total of four, the Q3 REA Average House Price Index shows.

Furthermore, the average price in Westport this quarter rose by 10 percent to €330,000, and in Castlebar prices rose by six and a half percent.

“All types of properties, particularly owner occupied dwellings, are selling well presently,” said Robert McGreal of REA McGreal Burke.

The survey shows that across the county, 75 percent of purchasers were first-time buyers and 10 percent of purchasers were from outside of the county.

With a supply drought in Dublin reigniting the commuter property market, prices in cities outside the capital rose by an average of over two percent to €341,250 in the last three months – an annual rate of increase of seven and a half percent.

Frustration in the capital has led to the return of the previously unheated commuter market, which has risen by 2.9pc over the past three months to an average of €336,944.

For the full national list of prices, see below.