September 28, 2021
Business News

Housing crisis: Sharp decline in Waterford property sales

Waterford city and county recorded a sharp fall in the number of property sales last year, a new report has found.

House and apartment sales dropped by almost 7% in Waterford, according to figures released yesterday in the official Residential Property Price Register for 2019.

A total of 1,442 properties were sold in the county in 2019, down 100 on 2018 figures. Of these, 13% were new builds, representing just 188 new homes.

The drop in Waterford reflects the current trend where nationally property sales were down by 3.9%.

Just nine counties saw increases in property sales over the year. The highest rises were recorded in Wicklow (15.5%) and Westmeath (8.1%).

The majority of couties recorded a decrease. Sales in Dublin dropped by over 8%, while five counties – Kerry, Sligo, Monagahan, Roscommon and Leitrim – recorded double digit percentage drops.

The most valuable property sold in Waterford in 2019 was close to the Tipperary border at Tickincor, Clonmel, and fetched €875,000.

The most valuable property sold in the State last year was Castletown Demesne, on the outskirts of Carrick-on-Suir in county Kilkenny for €12,600,000.

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