10 September 2021 No Comments by The Northern Standard

The upward trend in house prices in Co Monaghan has been reflected in another property report published this week. Three-bedroom houses in the county have experienced a 7.21% increase in price in the first half of this year, according to the latest Residential Property Price Barometer produced by the IPAV or Institute of Professional Auctioneers and Valuers. Four-bedroom homes have risen in price by 9.4 % and two-bedroom apartments by 6.71%.

New blended working opportunities where people don’t have to operate from formal office settings on a full-time basis are one of the factors in price rises detected in Co Monaghan and other parts of the country, according to the IPAV’s Chief Executive Pat Davitt. “But the main driver of increasing prices is the lack of supply of homes to meet current and pent-up demand,” Mr Davitt stated. “And that is why predictions by economists and others of house price drops during the pandemic have not materialised, forecasts the IPAV called into question at the time.”

Mr Davitt said his organisation welcomed the Government’s new Housing for All plan with a commitment to invest €4 billion per…

Comments are closed.