Price Of Second Hand Three Bed Semi- D House Rose By 3% In Kildare In Past Year

Across Co Kildare, first-time buyers made up 70% of the market during Q1 of 2023

The average price of a second-hand, three-bed semi in Co Kildare rose by 3% in the past year, according to the latest national survey by Real Estate Alliance.

Three-bed semi-detached home values in the county remained at €361,250 during the first three months of 2023, the Q1 REA Average House Price Index shows.

By concentrating on the actual sale price of three-bed semis, the survey provides an up-to-date picture of the second-hand property market in towns and cities countrywide.

Across Co Kildare, first-time buyers made up 70% of the market during Q1 with 25% of sales coming from buyers moving out of cities.

The average time taken to complete a sale in the county is six weeks, and remains unchanged from the last quarter, the survey shows.

In Newbridge, the average price for a three-bed semi remained static at €310,000, while the average price in Naas was €365,000.

The pattern was repeated in Maynooth and Celbridge, with the average price over the quarter remaining at €390,000 and €380,000 respectively.

The time to sell in all four towns stayed the same at six weeks, which was the same as the previous quarter.

Brian Farrell of REA Brophy Farrell. commented: “Most of our sales in last six months have been investor related, that is landlords exiting the rental market, with the balance being vendors moving elsewhere in the county."

Across the rest of Ireland, the actual selling price of a three-bedroomed semi-detached rose by 0.6% over the past three months to €293,343 – representing an annual increase of 5.3%.

House prices in Dublin recovered after a pre-Christmas fall and rose by 0.5% to €498,333 in the past three months, slightly exceeding last September’s prices and showing an annual rise of 3.5%.

Mirroring the capital, cities outside Dublin experienced a 0.4% rise to an average selling price of €310,250.

The smallest percentage increases came in commuter counties where average prices went from €312,778 to €313,056 – a rise of just 0.1% on average over three months.

The country’s large towns saw the largest quarterly increase at 1%, with prices now averaging €211,776 and properties selling faster at an average of five weeks, than in cities or commuter areas.

Nationally, first-time purchasers make up 60% of the market, the quarterly survey has found.

The actual selling price of a three-bedroomed semi-detached house across the country rose by 0.6% over the past three months to €293,343 – representing an annual increase of 5.3%.