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Interest rates are likely to hold at higher levels for a longer period of time than initially expected and this will definitely affect prices in North Wicklow, reports Eamonn Foley of Sherry FitzGerald, who now estimates hikes of 3pc on average for the year just gone.
How much is your House worth in 2021? Following an average overall increase of 4pc in the past 12 months, houses in Co Galway continue to rise in value, with a 3pc increase predicted this year that could go even higher. The most in-demand house types are the four-bed semi in town, up by a robust 7pc from €173,000 to €185,000, and the three-bed bungalow in town, up even more, from €155,000 to €170,000, an increase of 10pc. The big increase in the price of bungalows reflects a clamour of retirees and downsizers seeking a future-proof forever home, within walking distance of shop...
How much is your House worth in 2021? Demand may be high, but two key factors will kick in this year to keep price rises bare in North Wicklow, namely a levelling off of apartment values and the availability of plentiful land to build new homes. Prices are barely scraping in a 1pc average hike overall but many types are not adding value at all. And notwithstanding a shortage of housing stock and the arrival of the first sub-2pc mortgage repayment rate, local agent Gordon Lennox is predicting a 1pc increase average again for 2021. “Having taken over from MBNA, the Spanish lender Ava...