Kilkenny house prices rise by 10.6%

Kilkenny house price increase the biggest in country

Gillian Mooney

Reporter:

Gillian Mooney

Email:

news@kilkennypeople.ie

House Prices

Kilkenny house prices rose sharply by 10.6% over the last three months according to Real Estate Alliance (REA), the highest rise in the country.

The price of the average three-bed semi in Co Kilkenny has risen 10.6% to €182,500 in the last three months. The largest growth in the country in the first three months was in Kilkenny city, where average prices jumped by 15.8% from €190,000 to €220,000.

Overall, the average house price across the country has risen by 10.9% over the past 12 months – a marked increase on the 7.7% rise registered to the end of December 2016. Prices in Kilkenny rose by an average of 12.9% over the year, with a three-bed semi now costing €136,194  an increase of 3% in the past three months. 

“There has been a recovery in bank lending, which has been reflected in the purchasing end, but the accelerated figures in the Dublin market particularly, show that we are moving into a vendors’ marketplace,” said REA spokesperson Healy Hynes. However, we need to look at these figures in relation to the market where stock levels are at their lowest nationwide since January 2007. At a current average price of €136,194, and an annual compound rise of 12.9%, it will be 2021 at the earliest before it becomes economic to build outside the cities.”