Kildare house prices rose by three per cent in one year, survey shows

The average price of a second-hand, three-bed semi in County Kildare rose by three per cent in the past year.

That's according to the latest national survey by the Real Estate Alliance (REA).

Three-bed semi-detached home values in the county remained at €361,250 during the first three months of 2023, the Quarter 1 (Q1) REA Average House Price Index shows.

Commenting on these trends, Brian Farrell of REA Brophy Farrell said: "Most of our sales in last six months have been investor related, that is, landlords exiting the rental market, with the balance being vendors moving elsewhere in the county."

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DETAILS

By concentrating on the actual sale price of three-bed semis, the survey provides an up-to-date picture of the second-hand property market in towns and cities countrywide.

Across the county, first-time buyers made up 70 per cent of the market during Q1 with 25 per cent of sales coming from buyers moving out of cities.

The average time taken to complete a sale in the county is six weeks, and remains unchanged from the last quarter, the survey shows.

In Newbridge, the average price for a three-bed semi remained static at €310,000, while the average price in Naas was €365,000.

The pattern was repeated in Maynooth and Celbridge, with the average price over the quarter remaining at €390,000 and €380,000 respectively.

The time to sell in all four towns stayed the same at six weeks, which was the same as the previous quarter.

Across the rest of Ireland, the actual selling price of a three-bedroomed semi-detached rose by 0.6 per cent over the past three months to €293,343 — representing an annual increase of 5.3 per cent.

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PRE-CHRISTMAS FALL

House prices in Dublin recovered after a pre-Christmas decline and rose by 0.5 per cent to €498,333 in the past three months, slightly exceeding last September’s prices and showing an annual rise of 3.5 per cent.

Cities outside County Dublin experienced a 0.4 per cent rise to an average selling price of €310,250.

The smallest percentage increases came in commuter counties where average prices went from €312,778 to €313,056: a rise of just 0.1 per cent on average over three months.

The country’s large towns saw the largest quarterly increase at 1 per cent, with prices now averaging €211,776 and properties selling faster at an average of five weeks, than in cities or commuter areas.

Nationally, the survey found that first-time purchasers make up 60 per cent of the market.

The actual selling price of a three-bedroomed semi-detached house across the country rose by 0.6 per cent over the past three months to €293,343 — representing an annual increase of 5.3 per cent.

Graph supplied by the REA.