Cork city and county property prices rise in Q1, survey finds

Cork property prices rose during the first three months of the year, according to the latest Real Estate Alliance survey.

The survey shows the average price of a second-hand three-bed semi-detached home in Cork city had increased by 1.2% to €415,000 over the quarter. 

The cost of a similar home in the county had increased by 1.1% to €270,153.

The survey found that 60% of second-hand house sales in Cork county and 20% of sales in Cork city were attributed to landlords leaving the market. 

First-time buyers 

It showed that 15% of purchasers in Cork city and 80% across Cork county were first-time buyers, and the average time taken to reach sale agreed in Co Cork over the quarter was four weeks.

Michael O’Donoghue, of REA O’Donoghue & Clarke in Bantry, said there is strong demand for both second-hand and new homes.

“In relation to the second-hand market, prices will continue to increase in 2026 due to the scarcity of stock combined with steady interest rates and increased competition for property,” said Mr O’Donoghue.

“However, it is clear that the new rent controls will begin to have a detrimental effect on the future rental market once notice periods expire, due to landlords having issued notice to their tenants prior to the implementation of same.”