Business House Prices Survey

Sunday 24 September 2017

Kildare North: Steady growth in Maynooth

25 Castlepark Square, Maynooth, Co. Kildare. Sold for €565,000.
25 Castlepark Square, Maynooth, Co. Kildare. Sold for €565,000.

The roads around Maynooth are getting very busy again, says local agent Eamon O'Flaherty - a sign, he says, that there are a lot more people working, which in turn means greater activity in the North Kildare property market.

Maynooth has always been a robust university town, but the college isn't the only draw for buyers; Hewlett Packard and Intel are also big employers in the area. It has also remained very popular as a commuter town.

"The market is growing all the time," says O'Flaherty of Property Partners Brady. "The economy is strong, interest rates are low, it's just the availability of financing that has become the key factor."

Maynooth has always been favoured by young families, who are more keen than ever to own their own home because of the much publicised bother in the rental market. "The rental market is suffering because there's a lot of people getting out," says O'Flaherty. "The prices have come up a bit so investors can now sell their properties and clear their debt because they are finally in 'positive' equity."

However market growth wasn't dramatic for most of 2015. The lower end of the market rose by about 10%, according to O'Flaherty, but the higher end - houses at about €300,000-€400,000 - is back much less, by about 5%. Bungalows and detached houses outside town are more popular than those in town, with the latter actually seeing a predicted drop in prices for 2017.

"I can't see much changing in the year ahead," adds O'Flaherty. "My opinion is that there is going to be no huge increase over the next year."

Irish Independent


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