Kildare Accounted For 14% Of Construction Activity Nationally In December Last Year

Tuesday, 31 January 2023 12:33

By Caoimhe Harney

The average price of a property in Kildare was above the national average

Some 3,056 residential buildings were under construction in Kildare in December 2022, according to the latest GeoDirectory Residential Buildings Report.

The residential vacancy rate in Kildare was 1.3%, which was lower than the national average of 4.0%

The counties with the highest vacancy rates in the country were Leitrim (12.2%) and Mayo (11.2%), while the lowest vacancy rates were recorded in Dublin (1.2%) and Kildare (1.3%)

In the twelve months to October 2022, there were 3,186 residential property transactions in Kildare with an average property price of €373,666. This was higher than the national average of €354,060.

The study of residential property data, prepared in association with EY, found that in the twelve months to December 2022, 2,716 new residential address points were added to the GeoDirectory database in Kildare.

Almost one-in-five of all residential property transactions in the state involved a new dwelling (18.2%), with the highest proportion of new dwellings were purchased in Kildare (43.5%), Meath (36.6%) and Wicklow (34.8%).

Of the 22,008 residential buildings under construction nationally in December 2022, almost one-in-five (18.4%) were located in Dublin. Construction activity was also strong in Kildare, which accounted for 13.9% of the overall total. 62.0% of all residential buildings under construction were located in the Leinster region.

Nationally, a total of 28,510 residential address points were added to the GeoDirectory database. Over half (52.8%) of the new residential address points were located in the Greater Dublin Area of Dublin, Kildare, Meath and Wicklow.