There was some good news for property hunters in Carrigaline last week as new research from Perfect Property, Ireland’s innovative property search engine, showed prices dropping across Cork, including in Carrigaline.
The Average ‘sold price’ of a house in Cork in H1 2018 was €286,501 while in H1 2019 the average price was €264,552 – an 8% decrease, whilst in Carrigaline specifically there was a 6% drop in the same period.
Other areas, however, have seen an increase in price. Youghal has
incurred the biggest increase, with house prices 24% higher in H1 2019 compared
to H2 2018, followed by Macroom up 22%, Kanturk up 19%, Blarney up
15%, Kinsale up 12%, Douglas up 11% and Fermoy, Cobh and Mallow seeing
a 4% increase.
When broken down further, the figures showed an 11% increase in average
sold price between Q1 2018 and Q1 2019, whereas there was a 21% decrease in the
average sold price when Q2 2019 is compared to Q2 2018.
This research was carried out by search platform Perfect Property, which
features properties from a range of estate agents.
Commenting on the recent figures, Laura Pollard, Managing Director of Perfect Property, said: “Our research shows a very dynamic housing market in Cork, with considerable regional variation in sold prices. Reviewing achieved sold prices, rather than listing prices, is key to understanding the true state of the market. While Cork is down 8% as a whole, the lack of growth has not been experienced in all areas, with Youghal, Macroom, Kanturk and Blarney showing an increase in sold prices, so the research has produced varied and interesting results.” www.perfectproperty.ie