Severe shortage of housing in Kilkenny making it ‘impossible’ to rent in city: guide
A SIGNIFICANT shortage of housing units in Kilkenny is making it almost impossible to find properties to rent in the city.
There were no new developments in the city last year, but it is hoped building will commence over the coming months following significant land sales in Roberts Hill and the western outlying areas of Kilkenny
An analysis of the local market contained in the Sunday Times Property Guide 2019 noted 2018 was “a solid rather than a spectacular year”.
The guide found: “Prices continued to be dictated by a lack of supply. With rents soaring, first-time buyers were busy in the first half of year, but activity dropped sharply as it drew to a close.”
Peter McCreery of Sherry FitzGerald told the guide there is still “good value” to be had in the local second-hand market.
But he noted it is “almost impossible” for tenants to find properties to rent because of “a significant shortage of stock”.
Mr McCreery said Kilkenny particularly needs three-bed semi-detached properties with front and back gardens to cater for local demand.