July 20, 2019
News Property

House prices in Kilkenny to rise by 2% in 2019: forecast

HOUSE prices in Kilkenny are set to rise by just 2% in the new year, according to the Irish Independent/Real Estate Alliance (REA) house price forecast for 2019.

However, uncertainty surrounding Brexit could scupper any growth in home values next year, the analysis warns.

Nationally, the study predicts prices will rise by 4.2% in 2019.

Price rises in the Dublin region are expected to be slightly lower at between 2.8% and 4%.

However, estate agents warn that a no-deal Brexit will take Ireland “into the unknown”. Depending on the severity of the hit to the Irish economy in 2019, property price growth could be lower, prices could be static for a time, or prices may even fall in many areas.

The prediction of a 4.2% rise comes off the back of a 4.64% rise nationally in the price of an average semi-detached home in 2018. In Dublin, the rise was lower at 1.97%.

However, house prices grew by less than 1% across the country in the final quarter of the year, with uncertainty over Brexit cited as one of the main reasons for the slowdown.

 

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