After being unable to sell them at their listed prices, Kilkenny County Council is having to reduce the asking prices for its three remaining “affordable houses”.
One of the houses available under the ‘affordable housing’ scheme sold at the start of this year, but buyers have not been found for the three others, according to the council’s quarterly housing report.
Those remaining include a couple of two-bedroom apartments in The Weir, Kilkenny valued at €135,000 to €145,000 and a three-bedroom house in Glenbawn, Kilkenny valued at €170,000.
The council enlisted a local auctioneer to try to sell the properties as well, but that too was unsuccessful. So now, “the prices will have to be reduced to reflect current market trends,” Mr Mullally said.
Applicants for affordable housing should be a first-time buyer (in most cases), be in full-time employment for at least 12 months or self-employed for at least two years; and meet certain income requirements.