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Further Increase Expected In Number Of Landlords Leaving Property Market, As Price Of Three-Bed Semi Rises In Kildare

Stock image: Pixabay

It comes ahead of the introduction of a nationwide rent pressure zone in March

A new report suggests there will be a further increase in the number of landlords leaving the property market in the new year.

It comes ahead of the introduction of a nationwide rent pressure zone in March.

The Irish Independent /REA Average House Price Index shows there has been an annual 38% increase in landlord sales in many areas.

In some areas, 60% of sales are down to landlords selling their properties.

The report concentrates on the sale price of Ireland’s typical stock home - the three-bed semi.

The selling of a three-bed semi rose by 1.6% across the country in the past three months to €359,417.

In Kildare, there was a 1.8% change in the price of a three-bed semi since September, rising to €458,750.

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