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House prices in Carlow & Kilkenny see increases higher than the national average between July & September 2020

Edwina Grace by Edwina Grace
19/10/2020
in KCLR News, News & Sport
House buying looks set to continue despite the Covid-19 pandemic
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House prices have increased sharply despite the economic shock of the pandemic, with a national increase of 4.8% in the third quarter of this year.

Researchers at Daft.ie say it’s an unexpected trend in their data, given elevated rates of unemployment.

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However the number of homes being sold on the site has fallen to just 17,700, down a around a third on last year, and the lowest level since 2006.

In Kilkenny though prices for this time frame were 9% higher compared to a fall of 3% a year ago. The average house price across the county is now €235,000, 78% above its lowest point.

While in Carlow, prices for the same period were 6% higher, compared to a fall of 1% a year ago. The average house price in Carlow is now €198,000, 69% above its lowest point.

Professor Ronan Lyons from Daft.ie says the market for houses and apartments has had a very dramatic turnaround between July and September noting “If anything perhaps spending more time at home has convinced a lot of homeowners that they perhaps might invest even more money so in the months between June & Sept we saw there was a jump up almost 5% in just three months, that’s quite a big increase given it’s just three months, if we were having this conversation three months ago, we’d have been talking about prices being a couple of percentage points lower than they were this time last year, now we’re talking about property prices being a couple of percentage higher”.

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