Property market slowdown . . . but prices rise for 3-bed semi-detached houses in Sligo, Leitrim

County Sligo was among the few counties in the country to show an increase in the average price of a three-bed semi-detached house during the past three months.

Overall throughout the country, however, the property market was hit by a slow down in the last quarter of this year.

The survey found prices increased by minimal amounts or remained still due to lending rules and concerns over Brexit.

Around half of all markets surveyed showed no growth at all, according to a new Irish Independent/Real Estate Alliance Average House Price Index.

During the past three months, the average price in Donegal for a three-bed semi was €95,000, which showed no increase during the period.

The figure for Leitrim was €115,000, just under a 1% increase and €123,500 in Sligo, an increase of 2.1%.

The biggest increase was in Longford, at 5%, followed by Roscommon, at 2.9%.

Estate agents say many people are adopting a ‘wait and see’ approach in relation to the effects of Brexit in March.