House values in Leinster counties face drastic shifts by 2025
- House prices in Co Carlow increased by about 7-10 percent last year.
- Local agents anticipate a modest price rise of 3-5 percent in 2025 due to consistent demand and supply constraints.
- The construction of new homes is set to ease some supply issues, but prices are driven up by inflation in construction costs.
In Ireland, particularly in Co Carlow, there has been a notable increase in house values witnessed last year. The average prices saw growth of approximately 7-10 percent in Co Carlow, driven by a consistent demand and limited supply of available properties. Over the broader area, construction of new homes reflected positively on the market, easing some of the previous supply constraints. Local real estate agents are anticipating that this trend will continue into 2025, albeit at a more measured pace compared to the previous year. The influence of stunted supply, along with rising construction costs, is expected to contribute to a 3-5 percent increase in prices in the near future. Additionally, the broader Dublin area's property market signaled recovery through new developments, giving buyers hopeful indicators for the first half of 2025. While the stock levels have contracted, upcoming projects in Carlow town and nearby Athy in Co Kildare look set to mitigate some of the challenges currently faced in housing affordability.