Yeats county prices are performing better than expected given the gloomy atmosphere a year ago amid rapid fire interest rate hikes, says local agent Shane Flanagan of DNG Flanagan Ford.
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Strong demand from remote workers looking for space to raise their families has fuelled a 6pc increase in Sligo’s property prices on average.
There were higher increases within that band with the price of a detached 2,000 sq ft house, leaping by 12pc to an average price of €475,000 today, compared with €425,000 a year ago.
Buyers are willing to pay a premium for particular locations, such as Strandhill, where the same house will set you back €600,000, and Rosses Point, where it will cost €700,000.
A lesser average increase across the board of 4pc is predicted for the year ahead.