February 23, 2024
Business News Property

Snapped up: Houses prices in Kilkenny continue to rise despite viewing ban

The price of the average second-hand three-bed semi in county Kilkenny continues to rise, despite a ban on viewings, a new survey has revealed.

A three-bed semi-detached home can now fetch €211,000 in county Kilkenny, up 1.2% in the last three months, according to the Real Estate Alliance (REA) Average House Price Index.

The survey also reveals that the average time taken to sell a home in county Kilkenny remained at six weeks between December and March.

Prices in the city still outweigh the county and the price of a three-bed semi in Kilkenny city was up 2.1% to €245,000 in the first quarter of 2021.

Michael Boyd of REA Boyd’s, Kilkenny said: “We are seeing that a shortage of supply drives the speed of sale. The healthy flow of buyers continues to be augmented by families leaving bigger cities and coming home from abroad because of Covid-19 related factors such as less commuting, quality of life, and working from home.”

Prices around the county remained steady this quarter, with the average price of a house in Callan remaining at €177,000.

Robbie Grace of REA Grace, Callan said: “Supply will be the question for the coming quarter There are plenty of buyers ready to bid and buy as soon as the market can open up again.”

Nationally, average house prices rose by almost 2% over the past three months, despite the absence of physical viewing and, according to the survey, in a marketplace that is seeing the lowest supply and the shortest time taken to sell in recent history.



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