Average house price in this Kildare town is now nearly €500k - survey

The price of the average second-hand three-bed semi in county Kildare has risen by 1.3pc to €450,500 according to a national survey by Real Estate Alliance.

Across the county, the average time taken to sell has risen from four to five weeks, the REA Average House Price Index shows. 

The average price in Maynooth was stable at €472,000 this quarter, while Celbridge rose 1.7pc to €475,000.

There were 1.8pc quarterly rises in both Naas (€465,000) and Newbridge (€390,000).

“The residential second-hand market is very much dominated by a lack of supply. Increasing building costs are also a factor for both vendors and purchasers,” said Brian Farrell of REA Brophy Farrell.

“There has been a slight increase in people looking to downsize seeking town centre properties and bungalows.”

The REA survey also found that properties in Kildare with a BER rating of A commanded an average 20pc premium over C-rated stock – reflecting the rising attractiveness of retrofitted homes. 

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The REA Average House Price Index concentrates on the sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.

The announcement of a nationwide rent pressure zone has triggered a sharp increase in landlords exiting the housing market, the survey showed.

The Government’s announcement in June was followed by an immediate spike in landlord sales in many areas now included in the legislation.

REA agents in Carlow, Kerry and Waterford have reported that over 40pc of their sales are attributable to landlords in the past three months – with that figure rising to 60pc in Limerick city and 80pc in Nenagh.

The actual selling price of a three-bed, semi-detached house across the country rose by 1.6pc in the past three months to €353,458, a 9.1pc overall rise annually.

The rate of increase in Dublin has more than halved in the past three months, with REA agents reporting a marked drop in viewings in the capital and homes now taking five weeks or more to reach sale agreed.

Selling prices in Ireland’s major cities outside Dublin rose by 2.2pc to an average of €368,492 – an 8pc annual increase.

Homes in the country’s large towns continue to show growth nationwide, 2.2pc this quarter and 10.7pc on last September to an average of €269,199.