A lot of volume came on at the lower end of the market during 2014 which has kept the average property value low in the Carlow market.
Some larger properties slipped slightly in value while the average value per transaction was €120,000 according to Harry Sothern, of Sothern Real Estate Alliance, our expert in this county.
For this sort of money Sothern says you can buy an "average decent" semi-detached property at the "reasonably decent" end of the market, that is not in a ghost estate - this situation remains the same as it did in 2014.
"In terms of numbers, we made as many sales as we did in 2007," says Sothern. "But the prices are very low. Kildare has almost double our values."
|3-BED SEMI IN TOWN,||€130,000||€135,000||€142,000|
|4-BED SEMI IN TOWN,||€145,000||€150,000||€157,500|
|3-bed bungalow in town,||€190,000||€190,000||€199,500|
|3-bed bungalow outside town,||€160,000||€170,000||€178,500|
|4-bed bungalow in town,||€200,000||€200,000||€210,000|
|4-bed bungalow outside town,||€215,000||€215,000||€226,000|
|Detached 2000+ sq ft,||€250,000||€260,000||€273,000|
|Ex-corporation 2 bed,||€70,000||€80,000||€84,000|
|Ex-corporation 3 bed,||€80,000||€95,000||€100,000|
Carlow saw the construction of a huge number of buy-to-lets during the boom and many of these are now back on the market at the behest of the banks and receivers.
The market is flooded with apartments and townhouses, which are priced artificially low, at less than they would cost to build.
He says the last few months of 2014 were "very busy" thanks to the expiry of the Capital Gains Tax deadline.
"The investors are back in, that's for sure. But it's maybe a little artificial because of that deadline. Investors in the residential market are looking for a return of 6pc to 8pc."
There is currently a shortage of detached houses in the country, outside towns.
The prices are so low, says Sothern, that it wouldn't be possible to build the houses for the same money. Unless there is a divorce or a death, these houses are not coming on the market.
It is, says Sothern, a great time to be trading up - if a purchaser can secure the finance. But bank lending is tight and as a result estimates that about 50pc of all buyers are paying cash.
Sothern is predicting a quiet start to 2015. He reckons the funds that have invested in Irish property will be holding fire and waiting to see what happens before they bring housing stock to the market.
Bearing that in mind, he predicts a 5pc gain over the course of 2015.