Lockdown drove house prices up in first quarter
Home sales in the final quarter of last year were at their strongest level in over a decade
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House prices rose during the first quarter of the year as lockdown measures negatively impacted the available stock of properties for sale throughout the country, according to estate agent Sherry FitzGerald.
The average value of second-hand homes increased by 1.5 per cent in the opening three months of 2021. This compares to an increase of 0.1 per cent in the first quarter of 2020.
Furthermore, prices have increased by 2.5 per cent in the twelve months to the end of the first quarter.