THE price of an average three-bed semi Waterford rose by 7.69% in 2014, according to a national survey carried out by Real Estate Alliance.

The Real Estate Alliance Average House Index concentrates on Ireland’s typical stock home, the three-bed semi, giving an accurate picture of the property market in towns and cities countrywide.

The average three-bed semi-detached house in Waterford now costs €140,000, with the market staying flat between September and December, and houses now taking six weeks to sell, down from nine weeks in June 2014.

REA agents Eamon Spratt in Dungarvan are predicting a rise of 8% in prices in 2015, following the ending of the uncertainty over the Central Bank’s mortgage deposit rules.