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New report indicates Brexit already impacting house prices in Donegal

Claire Mulcahy -
New report indicates Brexit already impacting house prices in Donegal

Donegal is the only county in Ireland where there was a drop in the asking price of houses last year.

House prices rose by more than close to ten percent or 20-thousand euro on average across the country during 2017.

Sligo was in line with the national trend with house prices up by 8%.

In Leitrim there was a 2% hike but in its main town of Carrick-on-Shannon the increase was much higher at 6%.

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The average price for a three bed semi in Leitrim remains the lowest in the country at €120,000 and in Sligo the asking price is now €130,000.

But Donegal has bucked the national trend with a 2% fall in the asking price which now stands at €137,000 there.

Ronan Lyons, Assistant Professor of Economics at Trinity College Dublin and author of the Daft.ie Report says the trends in Donegal appear to be down to Brexit:

[audio mp3="http://old.oceanfm.ie/wp-content/uploads/2018/01/ronan02.mp3"][/audio]

Claire Mulcahy -