2020 is here and as we look towards the next year we thought it would be good to give our clients a round up of 2019. For Kinsella Estates it was a good year with lots of property deals and opportunities. In the last year there has been lots of ups and downs – as always! Some interesting statistics became available recently, as according to the Wealth Report by Ronan Lyons and published on Daft.ie, the average asking price for a property in Wexford is €205,366. The same report shared that the average asking price for a property in Wicklow is €332,561 but please note that this is an average price for all of Wicklow but there are different prices obviously between South and North Wicklow. We have some beautiful South Wicklow properties and with accessibility improving all the time, South Wicklow offers buyers lots of value.
As previously reported, in 2018, a total of 18,072 new dwelling were completed illustrating a 25% increase on 2017 figures. Expert forecasts (earlier this year) reported an estimated figure of 23,000 units to be built in 2019 but it is still below the estimated figure of 35,000 a year that is needed to meet demand. Final figures of new dwellings for 2019 are not available yet but there are many reports due to be published in the coming weeks that’ll share these insights.
The new homes market has grown – just as expected and more and more developments are popping up all over the region with the help-to-buy (HTB) scheme further improving on figures. The HTB scheme is being extended and this was certainly welcome news to buyers of new homes and it will continue to drive prospective buyers towards new homes. Other news recently included the Central Banks decision to not relax the mortgage lending rules in 2020 – something a lot of first-time buyers were hoping for. Saving for a deposit remains difficult for those who are renting property.
The South East regions volume of transactions in 2019 has been heartening and there has been significant interest in property in the area. Kinsella Estates has had the honour of being instructed to sell some beautiful residential properties as well as selling commercial units and land or sites. Our team at Kinsella Estates are specialists when it comes to selling your home, farm, business or investment property and we have enjoyed every bit of 2019. With almost five decades of property knowledge and expertise, our reputation for auctioneering excellence is well deserved and as we head towards a new decade we couldn’t be more committed to the business and we are excited about what 2020 will bring.
Happy New Year from all of us at Kinsella Estates
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 firstname.lastname@example.org or telephone: +353 53 94 21718
Market Updates on Friday, December 20, 2019 in News