Levally Cottage was Mayo’s biggest one-off sale of 2019

THE sale of Levally Cottage in Bofeenaun was the largest one-off property transaction recorded in Mayo last year.

Data from the Property Price Register, analysed by property website MyHome.ie, shows that the four-bed home with views over Levally Lake sold for €590,000.

There were four sales for larger sums recorded in the county but all were for developments or sites, the most expensive of which was in relation to four apartments and six townhouses which sold for €1.96 million at Glenlara Park in Carrowbeg in Westport in October.

Other big one-off transactions include a four-bed home at Farnaught in Westport which sold for €575,000 in April and a property at Kilsallagh in Westport which sold for €520,000 in July.

As of the Property Price Register update of February 5, just under €183 million had been spent on property last year in Mayo.

There were 1,301 sales recorded as of that date, which was 1.3% up on the 1,284 transactions recorded in the county in 2018.

Angela Keegan, Managing Director of MyHome.ie, said the analysis confirmed a trend of significant activity in commuter counties.

“We knew from our analysis of the Property Price Register for the first half of 2019 that activity in commuter counties was sharply rising, and our analysis this time round proves that this trend continued throughout the year.

“The affordability of properties in the counties around Dublin is proving to be extremely popular especially with first-time buyers who are constrained due to the Central Bank’s mortgage lending rules. It is good to see new building starts in these counties have also continued, bringing more homes on the market where they are badly needed,” she said.