House prices in Kildare are now below the Celtic Tiger Peak
In Kildare, prices in the first three months of 2023 were 3% higher than a year previously, compared to a rise of 8% seen a year ago, according to the latest report by Daft.ie.
The average price of a home in Kildare for quarter one of 2023 is now €324,000, 15% below its Celtic Tiger peak.
Nationally, Housing prices fell by 0.3% in the first three months of 2023, the first time in a decade that there was a first-quarter fall in listed prices, according to the latest Daft.ie House Price Report released today by Ireland’s No.1 Property Website, Daft.ie.
The average listed price nationwide in the first quarter of 2023 was €308,497, 2.7% above the same period in 2022 and 17% below the Celtic Tiger peak.
During the first three months of the year, prices in Dublin were on average 0.4% lower than in the final three months of 2022, and in Cork city they were 0.5% lower.
In Limerick city, prices were stable quarter-on-quarter, while Galway and Waterford cities saw larger quarterly falls – of 1.5% and 0.8% respectively. Outside the cities, prices in Leinster and in Connacht-Ulster fell by roughly half a percentage point, but they rose in Munster, by 0.6%.
The number of homes available to buy on March 1st stood at just 13,000, up 30% on the same date last year but still significantly below the 2019 average of 24,200. In all parts of the country, the rate at which availability has increased has slowed in recent months.
Ronan Lyons, Economist, Trinity College & Author of the Daft.ie report joined Eoin Beatty on Wednesday's Kildare Today:
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