THE average price of residential properties in Kildare for the 12 months to April 2019 was €297,356 according to new figures from GeoDirectory.
The GeoView Residential Buildings Report for Q2 2019 noted that during that period there were 2,988 residential property transactions in the county, 34.7% of which were for new properties. Celbridge registered as the town with the highest average property price and Kildare was one of three counties alongside Dublin and Wicklow to record prices higher than the national average of €289,146.
Last year’s report for the 12 months to April 2018 recorded an average property price in Kildare of €281,675 across 2,734 transactions, of which 30.6% were new dwellings.
Those and other figures in this year’s report suggest that there’s a positive move in terms of the availability of housing stock, if not by any great leap. Some 2,237 new dwellings in Kildare were added to the GeoDirectory database in the 12 months to June 2019 (1,204 were added in the 12 months to June 2018), while 1,327 buildings were under construction in the county in June (compared to 523 as of June 2018 and 624 in December 2018) – 9.4% of the State’s construction activity.
A vacancy rate of 2.1% for June of this year remains lower than the national average of 4.8%, albeit slightly higher than the Q2 2018 figure of 2%, with only Dublin (1.2%) posting a lower number. The report also found that there were just 46 derelict buildings in urban areas in Kildare out of 1,860 across the country, though it noted that the overwhelming majority (92.6%) of Ireland’s derelict dwellings are found in rural areas.
The figures in the report are recorded through a combination of An Post’s network of 5,600 delivery staff working with Ordnance Survey Ireland. A copy of this and previous reports can be accessed at www.geodirectory.ie.
Dara Keogh, Chief Executive of GeoDirectory, remarked that the results outlined in the report show that there is still more to be done to reach the levels of housing supply required.
“The construction industry is rising to the challenge of demand for housing, but it is clear that there is still some way to go to reach the required level of supply,” he said. “Construction activity levels are almost four times higher than this stage in 2015 and this is reflected in the number of new property purchases. One in five houses bought in the last twelve months was new, and in commuter counties such as Meath, Kildare and Wicklow this proportion was much higher.”