SIGNS OF STABILISATION IN MONAGHAN PROPERTY PRICES

4 January 2013 No Comments by The Northern Standard

Property prices in Co Monaghan have shown “clear signs of stabilisation” during the final quarter of 2012, according to a new report.
Both three-bedroom and four-bedroom properties have remained unchanged in price, while the median asking price of a three-bedroom semi in the county remains at €120,000 for the second successive quarter, the latest price survey from MyHome.ie has found.
Meanwhile, the median price of four-bed semis has remained unchanged now for the third straight quarter, remaining stagnant at €195,000. Interestingly, three-bed semis in Monaghan are the cheapest in Ulster but four-bed semis in the county are the dearest in the province.
The new study finds that the rate of decline in property prices nationally accelerated somewhat in the last quarter of 2012 with prices falling by 2.9%  – compared with a decline of 2.2% recorded in Q3 – to bring the annual rate of decline to 14.8%.
The mix adjusted …

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