The average ‘sold price' for houses across Cork in the first half of 2019 has dropped by 8% when compared to last year, according to new research by Perfect Property, the property search engine.
THE average ‘sold price’ for houses across Cork in the first half of 2019 has dropped by 8% when compared to last year, according to new research by Perfect Property, the property search engine.
The average sold price of a house in Cork in the first half (H1) 2018 was €286,501, while in H1 2019 the average sold price was €264,552, a fall of 8%.
An analysis of the figures also reveals those areas that have seen the most dramatic fall in sold prices across Cork.
Skibbereen has seen house prices drop by 19% between H1 2019 and H1 2018, while in Ballincollig and Carrigaline, sold prices have dropped a significant 13% and 6% respectively. Other areas, however, have seen an increase in price.
Youghal has incurred the biggest increase, with house prices 24% higher in H1 2019 compared to H2 2018, followed by Macroom up 22%, Kanturk up 19%, Blarney up 15%, Kinsale up 12%, Douglas up 11% and Fermoy, Cobh and Mallow seeing a 4% increase.
When broken down further, the figures showed an 11% increase in average sold price between the first quarter (Q1) of 2018 and Q1 2019.
Whereas there was a 21% decrease in the average sold price when Q2 2019 is compared to Q2 2018, according to Perfect Property’s figures.
