469 new residential address points recorded in Tipperary over past twelve months
A further 582 are under construction in County Tipperary
A total of 469 new residential address points were recorded in Tipperary the twelve months to June 2024 according to the latest GeoDirectory Residential Buildings Report released today. The report, prepared by EY, found that a further 582 residential buildings were under construction across the county in June 2024.
In Tipperary, the residential vacancy rate in Q2 2024 was 4.9%. The national vacancy rate remained at a record low of 3.9%, which is unchanged from the corresponding period in Q2 2023.
A total of 82,031 residential properties were recorded as vacant in June 2024.
The lowest vacancy rates in the country were recorded in Dublin (1.2%), Kildare (1.3%), Waterford (2.3%) and Carlow (2.5%), while the highest residential vacancy rates continue to be found along the North and Midwest coast. Leitrim, at 12.0% was the county with the highest vacancy rate, along with Mayo (10.7%), Roscommon (10.2%), Donegal (9.2%) and Sligo (8.2%).
A further 20,413 residential buildings were classified as derelict in June 2024, with 5.6% of these located in Tipperary.
Nationally, 31,384 address points were added to the GeoDirectory database. The highest proportion were located in Dublin with over a third of the overall total (10,508), followed by Cork (3,621), Meath (1,812) and Kildare (1,599). Counties in Leinster accounted for over two-thirds (66.2%) of the new address points.
In May 2024 the average house price nationally was €381,749. In Dublin, the average property transaction price was €542,240, the highest in the country, while the lowest average property price was Longford at €182,713.
In Tipperary, the average property transaction price was €229,008.
Analysing house price data published by the CSO and the latest rent price data from Daft.ie, the report found that the average mortgage repayment for a new dwelling in May 2024 was €1,723 compared with the average market rent in Q1 2024 of €1,836. This is higher than the latest average monthly rent payment of €1,595 from the Residential Tenancies Board for Q4 2023.