Wednesday 21 August 2019

580 buildings are now under construction

In Wicklow 1,163 new dwellings were added to the GeoDirectory database in the twelve-month period leading up to June 2019.

According to the latest GeoView Residential Buildings Report, nationally, 24,773 new residential dwellings were added to the database in the past twelve months, representing 1.2 per cent of the total national residential housing stock.

The report shows that 580 buildings were under construction in County Wicklow in June 2019.

Nationally, 14,107 buildings were classified as under construction last month, a 52.5 per cent increase on the same period last year.

Wicklow's vacancy rate stands at 3.1 per cent, lower than the national average of 4.8 per cent.

There were 1,463 residential property transactions in Wicklow, in the twelve months to April 2019, with an average price of €341,217. 25.4 per cent of these were for new properties.

Greystones is the town with the highest average property price in the county.

Nationally, the average house price in the twelve months to April 2019 was €289,146. That represents an increase of €15,940 or 5.8 per cent on the 2018 figure.

Once Dublin is excluded, the average house price is €214,679.

In Wicklow, the proportion of new properties purchased (25.4 per cent) was much higher than the national average.

Wicklow, Dublin and Kildare are the only counties to record higher than the national average, while Meath, Cork, Kilkenny, Galway and Louth were the only other counties to record average prices over €200,000.

Bray People