The price of the average second-hand three-bed semi in Cork City is now €385,000, an increase of 1.3% this quarter, according to a national survey by Real Estate Alliance.
Across the county, prices over the past three months rose by 1% to €227,000.
The survey also shows that 60% of purchasers in the city and 15 percent of those across the county were first-time buyers.
A total of 15% of sales in the city and 20% across the county this quarter were attributed to landlords leaving the market.
Michael O’Donoghue of REA O’Donoghue & Clarke, Cork said:
“There continues to be strong demand from first time buyers in both the second-hand and new homes market, which is also reflected in a general increase of new developments coming on stream. Overall there continues to be a good mixture of both mortgage approved and cash purchasers for all property types throughout Cork City, its surrounding satellite towns, and the county in general."
