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Average Property Prices In Kildare Are €16,000 Above The National Average, Report Finds

Stock image: Pexels

Kildare had an average property price of €354,462, according to the GeoDirectory Residential Buildings Report.

Kildare had an average property price of €354,462, €16,068 above the national average of  €338,394, according to the GeoDirectory Residential Buildings Report Q2 2022.

The year-on-year increase of buildings under construction in Kildare was 74.4%.

In Kildare, 3,187 residential buildings were under construction in June 2022.

Nationally, residential construction activity accelerated in the first half of the year.

According to the report, 22,390 residential buildings were under construction in June 2022, and the number of buildings under construction was 18.4% higher than the corresponding period in 2021.

Of the total number under construction,  17.4% were located in Dublin, 14.2% in Kildare and 12.0% in Cork.

There were 2,947 residential property transactions in Kildare, 41.5% of which were new dwellings.

In Kildare, 3,118 new residential address points were added to the GeoDirectory database in the twelve months to June 2022.

Nationally, a total of 34,198 new residential addresses were added to the GeoDirectory database in the twelve months to June 2022, this represents an increase of 34.1% on the total recorded between June 2020 and June 2021.

Kildare had the third largest share of new address points at Kildare (9.1%), after Dublin which had the largest share of new address points, with 12,288 addresses added (35.9% of the total), followed by Cork (9.5%) ,   Meath (6.7%) and Wicklow (5.2%) took fourth and fifth spot.

Some 57% of all new address points were added in the Greater Dublin Area of Dublin, Meath, Wicklow and Kildare.

The residential vacancy rate in Kildare was 1.6% in June 2022, this was lower than the national residential vacancy rate of 4.2% according to figures released in the latest GeoDirectory Residential Buildings Report.

The twice-annual residential buildings report, prepared by EY, found that a total of 86,708 residential buildings were classified as vacant across Ireland by GeoDirectory, a 5.9% drop when compared to the previous year.

Out of the 26 counties surveyed, the residential vacancy rate decreased in all but one, Wicklow.

Dublin was the county with the lowest vacancy rate in the country at 1.5%, closely followed by Kildare at 1.6%. Meath (2.5%), Waterford (2.6%) and Louth (2.6%) all recorded residential vacancy rates under the 3.0% mark.

The highest vacancy rates in the country were found in the west and north-west of the country, at 12.8%, Leitrim was the county with the highest vacancy rate.

CEO of GeoDirectory, Dara Keogh, commented:“The level of residential construction has increased significantly over the past twelve months as Covid-19 public health measures on the construction sector were gradually eased then removed.

"This activity indicates a strong pipeline of residential properties that we would expect to enter the market in the months ahead.

"The GeoDirectory Residential Buildings Report found that the number of vacant properties has also fallen in the last year, although when combined with derelict properties, there are still over 100,000 potential properties which could re-enter the market," he added.

 

 

 

  

 

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