House buyers in Donegal are still coughing up more than the asking price in most counties, new research shows. 

It follows a surge in property prices by 4% in the first half of 2019.

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Sellers in Donegal, who scored a 12% increase, were among the highest in the country, with only Longford (26%), Kerry (23%) and Roscommon (13%) in front.

Surprisingly, according to the study, properties in Cork, Galway, Wicklow and Dublin have become slightly cheaper on the whole during the first six months of 2019, compared with the same period last year.

Deals in Galway and Cork nose-dived by 7%, followed by Wicklow with a drop of 5% and Dublin prices dipped by 4%, according to research by Perfect Property.

The Irish property search engine analysed the official Property Price Register, which records the figures that houses actually sold.

Laura Pollard, Managing Director of Perfect Property, said: “Reviewing achieved sold prices nationally, is key to understanding the true state of the market.

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“Our research shows a very dynamic housing market across Ireland, with considerable regional variation in sold prices.

“While the country is up by 4% as whole from this time last year, this spurt of growth has not been experienced in all areas, with Cork, Galway, Wicklow and Dublin showing a decrease in sold prices.

“Comparing this to the original listing price provides additional insight, showing that in many areas the achieved sale price is still higher than the original listing price.”

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