House prices rise by 9% in Kilkenny according to latest report
House prices in Kilkenny are continuing to spiral upwards according to the latest figures from leading property website, daft.ie
In Kilkenny, prices in the final three months of 2022 were 9% higher than a year previously, compared to a rise of 10% seen a year ago. The average price of a home is now €287,000, 12% below its Celtic Tiger peak.
Nationally, housing prices rose by 6.1% during 2022, according to the latest Daft.ie Sales Report released today.
The average listed price nationwide in the final quarter of 2022 was €309,941, down 0.4% on the average for the third quarter of the year and 16% below the Celtic Tiger peak. The 6.1% increase in 2022 compares with increases of 8.1% in 2021 and 7.7% in 2020 and a fall of 1.2% in 2019.
Commenting on the report, its author Ronan Lyons, economist said:
“2022 started with a continuation of the significant upward pressure on prices seen during the second half of 2020 and in 2021. However, the year ends with prices falling, albeit modestly, in the final quarter. While supply has increased, availability is still tight, indicating that the change in market conditions is more likely driven by a change in the strength of demand.”