Supply Shortage Hits Kildare Housing: Inventory Drops By 10%

Monday, 8 April 2024 11:39

By Martin Osborne

Chief Economist at Bank of Ireland Connall MacCoille says supply can't keep up with exceptionally high demand.

Asking prices for houses are rising at their fastest level in 18 months.

According to Myhome.ie the number of homes available to buy in 2023 was down 20 per cent on the year before.

The median asking price for a property in Kildare is €280,000 - a €1,000 increase compared with this time last year.

The asking price for a 4-bedroom semi-detached home in the county climbed by €2,500 over the quarter, reaching €322,500. This reflects a similar increase compared to the corresponding period last year.

The number of properties available for sale in Kildare stood at 450, marking a 10% decline compared to the previous quarter.

Chief Economist at Bank of Ireland Connall MacCoille says supply can't keep up with exceptionally high demand.

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