July 12, 2024
Business News Property

Property boom: Kilkenny house prices rising faster than anywhere else in Ireland

House prices in Kilkenny are rising faster than anywhere else in Ireland, new figures reveal.

In fact Kilkenny is just one of only three areas in the county that have recorded a price rise in the last quarter, according to the the latest housing market report from Daft.ie.

Overall, the average price of a home in Kilkenny rose by 2.9% to €219,683 in the second quarter of 2020 in spite of the pandemic, up from €215,000 in the previous three months.

Nationally, there has been a 3.3% fall in the average house price, with some counties such as neighbouring Waterford, experiencing significant falls up to 9%.

Neighbouring Carlow experienced a 1.1% increase, while Louth recorded a 1.2% increase.

Despite the positive news for the Kilkenny housing market, most of the the rest of the country experienced a significant downturn.

The author of the report, Ronan Lyons, said the figures underline the need for the new Government to focus on providing new homes.

“The country is still in need of hundreds of thousands of homes, principally for smaller households of one to two persons, in the social and market rental segments, and in or close to the biggest cities and towns,” Mr Lyons said.

“Ireland is used to building homes for bigger households, away from the big cities and for owner-occupiers.

“Repositioning the construction sector to build what the country needs is one of the big challenges for the new government,” he added.



Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *