According to new figures released by Daft.ie while the national average price of a house now stands at €368,000, down by two per cent in the last three months, in Cork City the average asking price for a house is now just under €375,000 which represents a rise of 2.9 per cent over the second quarter of 2007. The report says that in annual terms , the year-on-year increase in asking prices in Cork City remains relatively high at seven per cent.

The Daft House Price Report also revealed that since the start of the year one out of every ten sellers reduced the asking price of their home to force a quicker sale and despite price drops, properties are taking longer to sell. It also revealed that one out of every five properties listed on Daft.ie in January 2007 is still for sale nine months later, leading to an all-time-high in the supply of houses for sale (just under 100,000 units).

Comments (2) »

I think there is something wrong with these figures
written by karl, December 25, 2008

as we all know the housing price has gone down and will go down again, i dont know where daft.ie got the figures from, if you dont beleive me go to the state agency in grande parade and you see them using tipex.

crash
written by thomas, September 21, 2008

Find it hard to belive that there is an increase in cork house prices,i had my house valued in 2007 for 345,000 it was on the market for nearly a year and half and sold a few months ago for 40,000 loss and that was in the city,my neighbour also had to do the same,i think ireland is in for hard times that is why i left the place....

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