The level of residential property sales in Leinster, excluding Dublin, increased by 6.1% in 2018 to 15,142 according to an analysis of the Property Price Register carried out by leading property website MyHome.ie
This means that property sales in Leinster, excluding Dublin, accounted for 26.6% of total national sales of 56,836 last year.
Meanwhile, the total value of property sales in Leinster, excluding Dublin, increased by a much higher percentage, rising by 11.4% to almost €3.5billion.
The bulk of the sales in the province came in Kildare where sales rose from 2,850 to 3,076 – an increase of 7.9% This was just over a fifth of all sales in the province, excluding Dublin.
Kildare was also the county where the most amount of money was spent at €877m. This was 25% of the total amount of money spent in the province last year.
The Managing Director of MyHome.ie, Angela Keegan said the figures reflected the general trend towards increased urbanisation.
She said:“Dublin has been very successful in attracting investment and higher paid jobs. As a result, the capital is where people increasingly want to live and if they can’t live there due to the lack of affordable housing or if they want more space, they tend to move to towns in the commuter belt.”
She said:“The increase in the volume of sales in Louth and most other Leinster counties – they only fell in three – is encouraging as it shows the market is continuing to recover. For a market like Ireland with some two million homes, we should be seeing at least 4% of those properties changing hands annually. We’re currently under 60,000 sales nationally and we need to get to circa 80,000 sales a year, but the graph is moving in the right direction.”
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