Thursday, April 12, 2018

TWO house price reports issued during the past week indicate that increases in house prices of between 0% and 2.5% are being experienced in Kildare.

Daft.ie, which bases its statistics on the prices of properties advertised on its website over a given period has stated that the average house price in the county have risen over the last three months by 2.5% to €256,392, up 6% from a year ago.

The figure represents an increase of 63% from the lowest figures recorded in mid 2012.

However Myhome.ie, which analyses the Property Price Register, which gives actual figures achieved, indicates that property prices in Kildare have remained unchanged in the first three months of 2018, The report for the first three months of 2018 shows that the average asking price for a property in the county remains the same for a fourth straight quarter at €240,000. Annually the year-on-year increase is just 0.1%, with prices just €375 ahead of where they were this time last year.

Despite the stability, prices in Kildare remain at their highest level since the fourth quarter of 2011when they stood at €249,000.

While overall prices have remained unchanged according to Myhome.ie, the asking price of a three-bed semi-detached home in the county has risen. Prices for this house type were up 2.4% in the first quarter of 2018, a rise of €5,000 to €215,000. Annually prices for a three-bed semi in Kildare were also up 7.9% from €199,250 this time last year. The latest increase means that the asking price for a three-bed semi in Kildare is now at its highest level since the end of 2010.

Similarly, the price of a four-bed semi-detached house in the county has also risen by a more modest 0.9% in the last quarter. This represents a €2,500 rise in prices to €277,500 with the same increase recorded year-on-year. Prices for this house type are now at their highest in seven and a half years since standing at €288,000 in the third quarter of 2010.

The Daft.ie report shows that the rate of house price increase recorded in Kildare mirrors the national house price increase of 2.5% during the first three months of 2018.

The average price nationwide was €247,000, 7.3% higher than a year ago. Compared to their lowest point in 2013, prices nationwide have risen by an average of 50% or just over €82,500.
In
Kildare the average price of a one bed apartment is €105,000 up 11.6% on this time last year. The price of a two bed terraced house is €138,000 up 7.8%, the average three bedroom semi-detached house is €194, 000 up 6.5%, a four bed bungalow has increased by 5.1% to €367,000 and the average cost of a five bed detached house has dipped marginally by 0.1% to €393,000.

In Dublin, prices rose by 2.3% in the first quarter of the year. This means that the average price in the capital is now €145,000 higher than five years previously.

In Cork and Galway cities, prices rose only marginally in the first three months of 2018 (by 0.3% and 0.1% respectively) but are now 59% and 70% higher than the lowest point. In Limerick and Waterford cities, prices rose by 2.1% and 2.4% respectively in the first three months of the year. Outside the main cities, prices rose by 3% in the same period, with the largest increases in Munster, outside the cities.

The report shows that in Kildare’s neighbouring counties the average house price in Laois is €165,550, in Offaly it is €176,612, in Carlow it is €175,523, in Meath it is €251,516 and in Wicklow it is €324,674.

According to MyHome.ie the number of properties for sale in Kildare has fallen by 8.9% in the last year as stock levels across the country remain an issue.

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By Noel O'Driscoll
Contact Newsdesk: 045 432147

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