Westmeath threebed semi house prices rise 3333 in 2014

The price of an average three-bed semi in Westmeath rose by 33.33% in 2014, according to a national survey carried out by Real Estate Alliance.

The Real Estate Alliance Average House Index concentrates on Ireland's typical stock home, the three-bed semi, giving an accurate picture of the property market in towns and cities countrywide.

The average three-bed semi detached house in Westmeath now costs €120,000, with the market seeing a 4.3% rise in Q4 from September to December, and houses now taking four weeks to sell, down from 12 weeks in June 2014.

REA agents in Westmeath are predicting a rise of 20% in prices in 2015, following the ending of the uncertainty over the Central Bank’s mortgage deposit rules.

Nationally, the average three-bed semi now costs €184,713, the latest REA survey has found – a rise of 2.63% on the Q4 figure of €179,981.