independent

Monday 24 September 2018

Over 720 new homes in county in past year

Myles Buchanan

Seven-hundred-and-twenty-five local dwellings were added to the GeoDirectory database in 2017, representing two per cent of the national total of new addresses.

Wicklow, Dublin, Meath, Cork, Kildare and Galway were the only counties to record a share of two per cent or more,

New addresses in the county accounted for 1.3 per cent of the total stock, only bettered by Meath and Dublin.

In total, 275 buildings were classified as being under construction in Wicklow in December 2017, according to the GeoDirectory database. That represented 3.7 per cent of the construction activity taking place in the State at the time.

The Wicklow housing turnover rate was 2.8 per cent, which was higher than the national average of 2.5 per cent. Only four other counties experienced a turnover above the national average.

The 12-month running total for commencements amounted to 516 units in October 2017.

The national average ratio of dwellings per 1,000 of the population was 415 in December 2017, with 12 of the 26 counties recording ratios below this average. Wicklow had the fourth lowest proportion of dwellings per 1,000 of population at 379.

The average household size in Ireland is 2.60 but extends to 2.76 in Wicklow.

Wicklow had an average residential density per km2 of 27, which was lower than the State average of 29.

New dwellings accounted for 21.7 per cent of all residential property transactions in the Garden County, again, higher than the national average of 18 per cent.

Up until October of last year, 1,500 transactions had taken place in County Wicklow, 21.7 per cent of which were new dwellings.

The average residential property price in Wicklow in 2017 was €333,355, compared to an average price outside of Dublin of €187,623.

Vacancy rates across the county average out at 4.8 per cent, but Wicklow's, at 2.5 per cent, is the third lowest in the land.

Apartments represented a 4.5 per cent share of the total residential stock in Wicklow. Nationally it stood at 9.1 per cent but this falls to just 4.6 when Dublin is excluded.

Up until October of last year, 527 transactions had taken place in Greystones. Of these, 39.7 per cent were new dwellings and the average cost of a property was €402,087.

In Wicklow town, 265 transactions took place, of which 21.9 per cent were new dwellings. The average property price was €287,170.

In Bray, 354 transactions were carried out and 5.1 per cent were new dwellings while the average cost was €379,944.

The average price for property in Arklow was €214,414, some 222 transactions took place and 16.7 per cent were new dwellings.

Wicklow People

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