Wicklow House Prices Continue To Rise.

House prices are rising at their fastest level in almost two years

House prices are rising at their fastest level in almost two years.The latest report from MyHome.ie puts the average price of a house in Wicklow at 310 thousand euro, up 7.6 per cent on this time last year.

• National asking prices up 7.3% over the year, the fastest rate of inflation growth in nearly two years
   
• Average earnings and mortgage approval values rise by almost 5%, stretching affordability
   
• Loosening of Central Bank lending rules sees share of first-time buyers with a loan-to-income ratio on their mortgage between 3.5x-4x leap from 6% to 36% in one year
   
• In May 2024, houses were being sold for 6% over the original asking price, signalling fierce competition among homebuyers
   
• Average time to sale agreed was just over 11 weeks in Q2 2024, close to a record low and emphasising poor supply of properties
   
• Housing commencements strike optimistic note, with 32,121 starts in the first five months of 2024