The price of the average three-bed semi in Waterford city rose by 10.1% to €190,000 in the last year, according to a national survey carried out by Real Estate Alliance.
Meanwhile, prices in the rest of the county also rose by the same amount in the past year, up to €165,000 from a baseline of €150,000 in June 2016.
The REA Average House Price Survey concentrates on the actual sale price of Ireland’s typical stock home, the three-bed semi, giving an up-to-date picture of the property market in towns and cities countrywide.
“There is no sign of an increase in the second-hand market in Waterford city, with price rises occurring where there are new homes,” said Des O’Shea, REA O’Shea O’Toole in Waterford.
“We saw the increase in the first quarter and it has levelled off since – however, suitable properties are still closing within four weeks, one of the highest levels in the country.
“There are fewer properties coming to the market and people are cautious and nervous to jump into investments.”