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Kinsella Estates: 2020 Wexford/Wicklow Property Market Overview

January 23, 2020 #

~ Michael Kinsella, KinsellaEstates.ie Gorey & Carnew

Kinsella Estates Wicklow and Wexford

With the sun shining, inbox pinging and phone lines ringing, it does not feel like we are only into our third week of 2020. The team here at Kinsella Estates are experiencing a busy and vibrant start to the property year with plenty of activity amongst both buyers and sellers across the South East.

As we enter into a new year, and indeed a new decade, now is a good time to take stock of the residential property market locally and map out projections for 2020.

WEXFORD

According to the Irish Independent property price report published last week, prices across Wexford county are forecast to stabilise and “remain static” for the next year.  This follows 12 months of moderate growth. Average house prices in County Wexford increased by 5 percent since January 2019 and this growth was driven mainly by an increase in new rural housing. In Gorey, this growth figure was closer to 2 percent. In fact, Gorey has been the star performing market in Wexford with prices reducing significantly the further south you look.  As we start 2020, achieved sales prices of second-hand homes are approximately 15 to 20 percent lower in Enniscorthy than in Gorey, and lower again in Wexford town. This is largely due to the M11 motorway and improved commuting times from Gorey to Dublin.  

According to the National Property Price Guide published in The Sunday Times at the start of the year, you can expect to pay €180,000 for a second-hand, two-bed apartment in Gorey. While the year-on-year increase works out at about €5,000, if you look back 24 months to January 2018, the same property was costing almost €30,000 less. €5,000 may not be a big jump in 12 months, but a €30,000 jump in 24 months is notable… what investor or fortunate homebuyer wouldn’t be happy with that performance?  It is not just apartments that have seen a big jump over the past two years, three-bed bungalows locally have increased €50,000 over the same period. Growth for three-bed semis was more tempered, which is unsurprising given supply of new homes to the marketplace; recorded prices for three-bed semis increased from €270,000 in 2018, to €275,000 in 2019 and €280,000 in January 2020. 

WICKLOW

As always, County Wicklow is a more nuanced marketplace, with rates of activity and price levels higher the closer you get to Dublin’s M50 motorway. Looking solely at the southern part of the county – serviced by our Carnew office – this is one of the lesser known regions for would-be homebuyers who often assume that market prices here are similar to those in north County Wicklow and this is simply not the case. There is still excellent value to be found in many of the small towns and villages in the south of the county. These homes offer a greater degree of privacy and natural amenities, while still being within a comfortable commute of the capital.

Staying with the National Property Price Guide in The Sunday Times, second-hand two-bed apartments in and around and Aughrim have seen steady growth from 2018 to 2020, increasing from €130,000 in 2018 to an average price of €150,000. In more rural locations, we have seen a jump of approximately €50,000 over the past  24 months. In 2018, you might have expected to pay €270,000 for a three- bed bungalow, however, fast forward two years and achieved prices are closer to €320,000.  Anyone interested in exploring the South Wicklow market is encouraged to contact Kinsella Estates in Carnew for a full listing of available properties (both on and off-market) and details of local schools and amenities.

The last decade has been the most tumultuous one for the Irish property market in more than a generation. While we certainly do not have a crystal ball, it is fair to say that restrictive macro-prudential Central Bank lending rules and a more cautious approach to property development means we are in for a more predictable – but still cyclical – property market in 2020.  

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Buying a home in 2020

December 18, 2019 #

As always the steps to buying your dream home are never as simple as made out but you must begin the process to get further ahead so the best advice is to start now to buy your new home in 2020. Kinsella Estates understand the property journey so we want to share some tips on buying your home in 2020 to make the process a little bit easier. 

The all important mortgage approval is still as important as ever when you are buying a property. The Central Banks decision to not relax the mortgage lending rules for 2020 was met with some criticism but it is not going to change so the best advice is to keep working towards the mortgage deposit. Looking at properties online is a great way to determine how the market is performing and what sort of budget you will need. Local and online web portals are the best place to look for an idea of what price (the type of property you are hoping to buy) is advertised for. Remember the asking price is only a guide price and it could go up (due to bidding) so you need to be aware of this and when you have the mortgage approval talk to your local estate agent about prices and they’ll be happy to advise. 

If you are buying a new home in the south east we recommend (obviously) going online to kinsellaestates.ie where you will be met with plenty of properties to fall in love with.  Keep track of the properties you like and invest in a good quality notebook and folder to place leaflets into and print off information yourself. When you begin to view properties this will help you take notes as a lot of viewings can cause confusion – note what you liked about the property or worries you may have and then chat to the estate agent dealing with the sale. Buying a home in 2020 means it is a lot easier to view homes without having to be at the house itself as Kinsella Estates accommodates virtual reality tours, after hours appointments and weekend viewings. 

When you do view properties ensure you get a good feel for the property and if you are ever confused you can ask for a second viewing to go over things or more for that matter! It is a big purchase and obviously, a huge decision so take time to think about it but don’t take too long that the property is whipped from under your feet. While property deals may close slowly others can go through quickly and leave prospective buyers on the verge of bidding before being told the property has gone sale agreed.  

Remember bidding doesn’t guarantee you’ll get the keys to your dream home and it may take a few bids to get the deal closed and if it doesn’t go your way, you may find yourself viewing other properties again.  This is one of the most frustrating parts of the buying process but at Kinsella Estates, we understand this, so we operate a transparent bidding process to help make this process easier. Everyone is delighted when a property goes sale agreed but there is still lots of work to do with solicitors and paperwork which is totally worth it – in the end but at the time is a lot of work! Then relax (or prepare for moving) as closing takes up to 12 weeks (on average) and you’ll need to be patient! 

If you are thinking about buying a home in 2020, get in touch with us and we’ll help you in your dream home hunt. 

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Property of the Week: Ballinacarrig, Tara Hill, Co. Wexford

October 14, 2019 #

Full details here.

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Property of the Week: Ballywilliam, Gorey, Co. Wexford

October 14, 2019 #

Full details here.

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Property of the Week: Olinda, Clone Upper, Castletown, Co. Wexford

October 2, 2019 #

Full details here.

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Property of the Week: 4 Asca Rua, Askamore, Gorey, Co. Wexford

September 23, 2019 #

Full details here.

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Tips on a better work, home and life balance

September 9, 2019 #

Full details here.

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Property of the week: 2 Saint Bridgets Terrace, Clonegal, Enniscorthy, Co. Wexford

September 2, 2019 #

Full details are here.

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Property of the week: 17 Beachside Gardens, Courtown, Co. Wexford

September 2, 2019 #

Full details here:

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Tips on getting back into the swing of things!

August 22, 2019 #

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

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