€2.4m Greystones house sale highest of 2018

A HOUSE in the Burnaby in Greystones was the largest one-off property transaction recorded in Wicklow in 2018.

According to data from the property price register, analysed by property website MyHome. ie, the property sold for €2.4 million in March.

Other large one-off sales included Kilgarron House in Enniskerry for €1.95 million in July, Winton Grove in Kilmacanogue for €1.456 million in April, Lismara in Greystones for €1.39 million in February and 6 South Place, Greystones in May for €1.185 million.

In total there were 15 sales recorded in Wicklow last year for a seven figure sum.

As of the Property Price Register update of December 5, just over €453.3 million had been spent on property so far this year in Co Wicklow.

There were 1,349 sales recorded as of that date, which still has some way to go to surpass the 1,665 transactions recorded in the county in 2017.

The Managing Director of MyHome.ie, Angela Keegan said uncertainty over the outcome of Brexit negotiations was impacting the market, especially at the upper end.

‘ That uncertainty is hitting the upper end more I think while the impact of the tightening of the Central Bank lending rules and an increase in stock means house price inflation generally, is slowing around the country. In Q1 asking prices nationally were up 9.5 per cent. By the end of Q3 the rate of inflation had slowed to 5.9 per cent year on year.

‘Double or high single digit inflation is not sustainable so the current trend is positive for the property market as a whole,’ she said.

‘I think 2018 will be remembered as the year when the stock of both new builds and second-hand homes turned the corner. Second-hand stock nationally is up 6 per cent while the number of new home schemes continues to rise,’ she said.