House prices in Kilkenny and Carlow are expected to rise 10 and 5% respectively this year based on predictions from the Real Estate Alliance Group.
They claim the easing of the Central Bank’s restrictions on mortgage deposit lending will drive up figures in both counties this year.
The Real Estate Alliance Group says they expect house prices in Kilkenny to go up by 10 percent this year, that’s following a 13.8% increase last year.
The average three bed semi in Kilkenny now costs €165,000.
Bobby Grace of REA Grace in Callan says he expects that prices of new three-bed semis will be far in excess of the existing average house.
In Carlow it’s expected that house prices will go up 5%, with the average three-bed semi now costing €149,000.
For the first time in eight years, Carlow town is likely to see new-build three-bed semis, with soaring rents continuing to attract investors, according to Harry Sothern of REA Sothern in Carlow.
The survey found that agents expect prices nationally to rise by 6.1% over the next year – with Dublin predicted to grow by 6.8% over the next 12 months.
