4 January 2013 No Comments by The Northern Standard

By Patsy McArdle

WHILE Co. Monaghan has shown clear signs of stabilization in the property market, according to a recent survey, the rate of decline in property prices nationally accelerated somewhat in the last quarter of 2012, with prices falling by 2.9 per cent – compared with a decline of 2.2 per cent recorded in the the third quarter of 2012, to bring the annual rate of decline to 14.8 per cent.
According to the latest house price survey from the mix adjusted average house price nationally now stands at €201,000—down 51.5per cent from the peak.
As stated, Monaghan showed clear signs of stabilisation during the quarter, with both its 3-bed and 4- bed properties remaining unchanged in price.
The median asking price of a 3-bed semi in the county remains at €120,000 for the second successive quarter. Meanwhile, the median price of 4 bed semis has remained unchanged now for the third straight quarter, remaining stagnant at €195,000. Interestingly, 3-bed semis in Monaghan are the cheapest in Ulster but 4-bed semis in the county are the dearest in the province.
In Dublin, prices fell by 1.6% in the last quarter, – reversing the rise of 1.6% recorded in …

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