BUNDORAN has the lowest average property value in Ireland, a new report has found.

The seaside town is one of ono two markets in Ireland where the average property price is below €100,000.

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A report from Daft.ie shows that the average property value in Bundoran is now €91,000.

In Castlereagh, County Roscommon, the average property value is €96,000.

House prices are rising by 3.5 per cent year-on-year. So far in 2020, 638 properties were sold for €1 million or more.

Ronan Lyons, economist at Trinity College Dublin and author of the Daft.ie Wealth Report, said: “Overall housing wealth in Ireland is up about 3.5 per cent on a year ago — at €536.4 billion, up almost €18 billion on the figure in the 2019 H2 report.

“That increase of almost €50 million per day was driven not by the completion of €6 billion of new homes, which was affected by the pandemic, but instead by higher values of existing homes.

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“If you had surveyed 100 economists at the start of the year, when there was only the first inklings of the potential impact of Covid-19, I doubt whether any – in all honesty – would have predicted that such an economic shock would have caused property prices to rise, not fall, but yet that is what happened.”


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