Dublin Buyers Dominate Kildare's First-Time Buyer Market

Friday, 14 June 2024 08:38

By Martin Osborne

Over 40% of first-time buyer mortgages drawn down to purchase properties in Kildare were taken out by Dublin residents.

Borrowers from Dublin dominated the first-time buyer mortgage market in Kildare last year, according to the latest data from the Banking and Payments Federation Ireland (BPFI).

Over 40% of first-time buyer mortgages drawn down to purchase properties in Kildare were taken out by Dublin residents.

This trend was even more pronounced for new semi-detached or terraced homes in Kildare, where Dublin buyers represented a significant 60% of these mortgage draws.

This highlights a growing pattern of Dublin residents seeking housing opportunities in neighbouring counties, with Kildare being a particularly popular choice.

The report also revealed that approximately one in four first-time buyers in Ireland opted to buy or build homes outside their own counties last year.

This trend was particularly strong in Leinster, where the number of first-time buyers securing mortgages for homes in different counties rose by 5% compared to 2021 levels.

More from Local News

Yellow Rain Warning For Kildare As Flood Risk Being Monitored, Says Council

The alert comes into effect from 11 o’clock tonight and runs until 11pm tomorrow.
Kill's Scoil Bhríde Celebrate 105 Years Of Mabel Lyons With Newspaper Article Detailing Events From Past To Present

Audio

Having turned 105 on Sunday, students of the primary school have designed a newspaper article detailing world and local events from 1921-2026, all 105 years of her life
€20m For Kildare Roads - Safety Works Included Across 17 Sites, Including Dag Welds Cross

Upgrades are also planned on routes near Leixlip, Maynooth, Rathangan, Carragh, Naas and the Curragh, alongside €38,500 for renewed regulatory road markings at some junctions.
Pressure Mounts As Dozens Of Naas Children Await September School Places

Kfm News understands that one parent impacted received a letter this morning confirming a school place for her son.
Department Of Education Pauses Review Into SNA Allocations

It follows complaints from schools and parents, reporting a reduction in the number of available posts
Owners Get Large Tax Breaks For Letting Public View Art And Cultural Assets - But No List Exists

Speaking on Kildare Today, Kildare North Social Democrats TD said there could be important cultural items in Kildare that the public are not even aware of despite the owners potentially benefiting from a tax break.
Learner Driver’s "Big Shop" Raises Garda Eyebrows In Newbridge

During the check, officers uncovered a significant haul of suspected stolen property inside the car.
M9 Park-and-Share Plans For South Kildare Await Talks With Private Landowners That Are Yet to Begin

In contrast, a similar facility at Junction 5 in Rathcrogue, County Carlow, is further advanced because the land there is already publicly owned.