It’s getting very Boomy around here.

The price of the average three-bed semi in County Cork rose by 4.3% to €158,500 between March and June.

Cork county prices increased by 11.2% to in the last 12 months, according to a national survey carried out by Real Estate Alliance.

Meanwhile, in Cork City, the price of the average three-bed semi rose by 0.8% to €317,500 in the last three months.

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 second hand property market in towns and cities countrywide to the close of last week.

“The market continues to improve with first-time buyers and investors competing for properties and bidding competitively due to lack of supply,” said Sarah O’Keeffe of REA O’Keeffe in Charleville.

“Local construction is unlikely in the near future due to high costs, so I anticipate house price growth throughout 2018.”

The average semi-detached house nationally now costs €232,441, the Q2 REA Average House Price Survey has found – a rise of 1.5% on the Q1 2018 figure of €229,111.

Overall, the average house price across the country rose by 8% over the past 12 months – indicating that the market is continuing to steady after an 11.3% overall rise in 2017.

The highest increases were seen in the rest of the country’s towns, which experienced a 2% rise in Q2 to an average of €153,094 – up €3,000 in 12 weeks.