The sale of 16 Foxes Covert on the Mount Juliet Estate is the largest one-off property transaction recorded in Kilkenny so far this year.
Data from the Property Price Register, analysed by property website MyHome.ie, shows that the stunning 3 bed detached property overlooking the 17th green of the golf course at Mount Juliet sold for €1.1 million in September.
The only larger transaction recorded so far this year in Kilkenny was a sale in Goresbridge in February for €2.82 million.
Other large one-off sales included a 5 bed detached home on 17 hectares at Mallardstown in Callan for €715,000, the sale of 1 Walton’s Grove on the Mount Juliet Estate for €615,000 in July, a 5 bed at Ballinamona in Thomastown for €600,000 in September and the sale of another 5 bed at Castlehill on the Bennettsbridge Road in Kilkenny for €600,000, also in September.
As of the Property Price Register update of December 5, just over €139.7 million had been spent on property so far this year in Kilkenny.
There were 705 sales recorded as of that date, which is well on the way to surpassing the 2017 total of 799 transactions.
The Managing Director of MyHome.ie, Angela Keegan said uncertainty over the outcome of Brexit negotiations was impacting the market, especially at the upper end.
“That uncertainty is hitting the upper end more I think while the impact of the tightening of the Central Bank lending rules and an increase in stock means house price inflation generally, is slowing around the country. In Q1 asking prices nationally were up 9.5%. By the end of Q3 the rate of inflation had slowed to 5.9% year on year.”
“Double or high single digit inflation is not sustainable so the current trend is positive for the property market as a whole.”
“I think 2018 will be remembered as the year when the stock of both new builds and second-hand homes turned the corner. Second-hand stock nationally is up 6% while the number of new home schemes continues to rise” she said.