The price of the average three-bed semi in County Kildare is expected to rise by 3% in the next 12 months, according to a survey carried out by Real Estate Alliance.
Prices in the county rose by 4.2% to €273,500 in 2018 – with a rise of 0.7% between September and December.
The REA Average House Price Survey concentrates on the actual sale price of Ireland's typical stock home, the three-bed semi, giving an up-to-date picture of the second-hand property market in towns and cities countrywide.
Brian Farrell of REA Brophy Farrell in Newbridge, Naas, Maynooth and Celbridge said:“There was stabilisation of the market in quarter four with anticipation of increased activity and buoyancy in 2019."
He said:“The supply of new homes has slowed up and stabilised the second-hand market.”
In Celbridge, REA Brophy Farrell report that the time taken to sell has increased from four to seven weeks.
The average semi-detached house nationally now costs €236,287, the Q4 REA Average House Price Survey has found – a rise of 0.6% on the Q3 2018 figure of €234,284.
Overall, the average house price across the country rose by 4.6% in 2018 – a decrease on the 5.4% recorded to September and indicating that the market is continuing to steady after an 11.3% overall rise in 2017.
Growth in the commuter counties also slowed to 0.38% in the last three months – an annual rise of 4.18% – with the average house now selling for €249,472.
This is an annual rise of €10,000 and growth of €2,000 in the last three months.
The country’s major cities outside Dublin recorded the biggest rise of the quarter at 1.25%, an annual increase of 5.81%, with an average three-bed semi costing €252,500.
The biggest urban rise was seen in Galway City, where selling prices rose by 2.7% in the quarter to €282,500 – a yearly increase of 9.7%.
The highest annual increases (7.7%) were once again seen in the rest of the country’s towns which rose in selling price by an average of €10,000 in 2018 and which experienced a 0.85% rise in Q4 to an average of €157,717.
“In these areas, you largely have the perfect storm of affordability within the 10% deposit range, and no new homes as it is still uneconomical to build in many places,” said REA Spokesperson Barry McDonald.
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