November 25, 2020
Business News Property

House prices in Kilkenny surge by almost 10% despite pandemic: report

House prices in Kilkenny are still on the rise and show no signs of slowing, a new report reveals.

The average price of a home in Kilkenny increased by more than 9% in the third quarter of 2020, according to the latest housing market survey from the property website Daft.ie.

People looking to buy homes in Kilkenny saw the average house price rise by 7% in the third quarter of 2020 to €235,113 despite the pandemic.

Year-on-year the house prices rose by 9.1%, up from €213,700 at the end of the third quarter last year.

The author of the report, Ronan Lyons, said the figures are unusual considering the amount of people out of work and the uncertainty created by the pandemic.

“The figures from this latest Daft.ie Report show a notable bounce in the listed price of housing across Ireland in the third quarter of the year. Prices had fallen by an average of almost 2% nationwide in the second quarter of the year,” Mr Lyons said.

“In the third quarter of the year, however, prices rose by an average of 4.8% in just three months.

“This is the largest quarterly increase in average prices since the start of 2015 and the fourth largest three-quarter jump overall, in a series extending back to the start of 2006,” Mr Lyons concluded.

 

 

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