More than 2,500 properties sold in Kildare this year, racking up over €727M in sales

More than 2,500 properties have been sold in Kildare this year, leading to the accumulation of over €727 million in property sales in 2018 alone.

The sale of Dowdstown House in Maynooth is the largest one-off property transaction recorded in Kildare so far this year.

Data from the Property Price Register, analysed by property website MyHome.ie, shows that the Georgian mansion set on 26 acres sold for €3.4 million in February.

The only larger transaction recorded in Kildare so far this year was the €8,261,055 paid for the Rathasker Court development in Newbridge in February.

Other large one-off sales included Athgarvan House in Newbridge for €2 million in June, Foxwood at The Curragh for €1,447,500 in July, 20 Churchfields at The K Club in Straffan, which sold for €1.305 million in March and The Old Rectory in Maynooth, which sold for €1.285 million in October.

In total 13 properties including developments sold for seven figure sums so far this year in Kildare.

As of the Property Price Register update of December 5th, just over €727.1 million had been spent on property so far this year in Kildare.

There were 2,564 sales recorded as of that date, which still has some way to go to surpass the total number of 2,845 transactions recorded in the county in 2017.

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.