Astonishingly low amount of Kilkenny homes are apartments - latest residential buildings report
Latest GeoDirectory Residential Buildings Report shows the residential vacancy rate was 3% in Kilkenny
Just 2.6% of Kilkenny's residential stock is made up of apartments, making it among the lowest-percentage counties. The highest is Dublin, which has over 25%.
That's according to the latest GeoDirectory Residential Buildings Report, which shows the residential vacancy rate was 3% in Kilkenny in Q4 2024 - lower than the national average of 3.8%.
The highest vacancy rates in the country can be found in the west of Ireland with Leitrim (11.8%), Mayo (10.6%), Roscommon (10.3%), Donegal (9.0%) and Sligo (8.2%) recording the largest proportions of vacant residential properties. At the other end of the scale, the lowest vacancy rates were found in Dublin (1.2%), Kildare (1.5%), Waterford (2.1%) and Carlow (2.5%).
Some 454 new residential address points were added to the GeoDirectory database in Kilkenny throughout 2024.
Nationally, 34,686 new address points were recorded last year.
The highest proportion of new address points was in Dublin, representing 38.1% of the overall total, followed by Cork (10.8%), Meath (5.7%) and Kildare (4.7%).
There were 377 buildings under construction in the County in December 2024. 20,092 residential address points across the State were classified as derelict in Q4 2024, with 1.1% of these properties located in Kilkenny.
The average residential property price in Kilkenny was €329,327 in the twelve months between November 2023 and November 2024. Prices increased in all 26 counties in the State.
Speaking about the findings of the latest GeoDirectory Residential Buildings Report, Dara Keogh, CEO of GeoDirectory said: “There was a substantial increase in the number of residential address points added to the GeoDirectory database throughout 2024. The number of buildings under construction has remained relatively stable, indicating that the strong pipeline of new homes will continue into 2025.”
Annette Hughes, Director at EY Economic Advisory said: “The latest GeoDirectory report spotlights a continuing and encouraging downward trend in both national vacancy and dereliction rates, as our growing population and policy initiatives are having an impact. More broadly while the number of new address points increased significantly last year, it will be critically important going forward to ensure the right policies, housing supports and infrastructure are in place to accelerate the delivery of housing supply for all tenures in the right locations.”