Mayo showing Ireland's slowest house price growth in three-bedroom sector, data reveals

Data from the Institute of Professional Auctioneers and Valuers (IPAV) published in the Sunday Independent today show house prices increased nationally by 6.35% in first half of this year - suggesting that year-on-year increases could hit 12% by the end of 2021.

And while some regions have already seen double-digit percentage price growth in the six months between January and June, that's not the case in Mayo.

The slowest price growth in the three-bedroom sector was recorded in Mayo where they rose only 1.1% to €153,334.

The cost of buying a one-off home, such as those near lakes, rivers, scenic areas or offering a sea view has increased by between 20 and 25% nationally, according to IPAV chief executive Pat Davitt.

“Some of those properties with views or land associated with them that were worth €500,000, are worth about €600,000 and maybe more by now, maybe €700,000,” he said.

The data shows the national average price for a two, three or four-bed home is up to €280,629.

Waterford and Limerick are the two regions to see the most substantial price increases in the first half of this year.

Demand for four-bedroom properties is significant, with prices for these hovering close to the 10pc mark in 13 other regions.

The pandemic is deemed as a factor with people prioritising space over proximity to major urban areas.

Cork county, Donegal, Kerry, Laois, Monaghan and Galway city all saw the cost of these four-bedroom homes rise by more than 9%.