Daft.ie

Ireland's Property Market Update: Daft.ie Reveals Surprising Trends

Leitrim on the rise, Kilkenny sees steady growth, Louth shows signs of slowdown - Check out the latest property market update from Daft.ie!

Ireland's property market has been experiencing unique trends, as unveiled by the latest figures from Daft.ie. Leitrim, known for its picturesque landscapes, saw a remarkable 10% increase in house prices compared to the previous year. In contrast, Kilkenny witnessed a steady 3% rise, showcasing stability in its market. Louth, on the other hand, displayed a slight slowdown with a modest 0.2% increase. However, the overall supply of houses dwindled, impacting price increments across the country. With just over 11,000 homes available for sale, the housing market faced a 27% decrease in listings, leading to a more competitive environment for buyers.

Furthermore, the annual house price increase of 3.4% in 2023, the lowest since 2019, indicates a shift in the sector. The average house price in Kildare now stands at €330k, reflecting the changing dynamics in the county's property market. Donegal emerged as a standout performer with an impressive 11% price surge in the final quarter of 2023, highlighting regional variations in the housing sector.

Intriguingly, the data also revealed that the number of houses for sale on Daft.ie dropped significantly by 27%, impacting market dynamics. Additionally, the smaller price increments observed in 2023 signify a potential shift towards a more balanced market approach, fostering a diverse range of options for prospective homebuyers.