Wicklow Voice October 2013

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House sales surge October 2013

Wicklow deals hit €128m as tide turns

The tide appears to have turned for the Wicklow property market, new figures show, with a steep increase in the number of houses bought and sold here. Almost €130m has been spent on houses in Wicklow between January and August of this year - a 36% increase from €95m on the same period last year, an investigation by the Wicklow Voice has found. The number of houses sold in the county has risen to 535 from 436 in that period, an increase of 22% on 2012. The figures, which were filed by the Revenue Commissioners on the Property Price Register, are the first indication that the Wicklow property market is beginning to emerge from the difficulties of recent years. When the 2013 figures are compared to the same period in 2011, the Wicklow Voice found that the total amount spent on property transactions has

increased 50% from €86m on a total of 346 houses sold. Although the Revenue Commissioners’ figures do not indicate that prices of individual homes are increasing, a report by myhome.ie shows that the average price of a house in County Wicklow is now €215,000, the second highest in Ireland, but still down 52% from the peak of the boom. “While it is welcome to see that the number of transactions is rising - rather than the price of houses themselves - we must be careful not to fall back into the same trap,” says Wicklow TD, Stephen Donnelly. “It’s easy to conclude that a rise in house prices is good news. However, contrary to mainstream thinking, higher prices harm virtually everyone; first-time buyers will pay more, and people trading upwards will also pay more.” Enniskerry tops table: Page 6

E: wicklowvoice@gmail.com

inside: Wicklow’s positive newspaper: NEWS: 2 Job boost ‘is great for the area’ 4 Bray is open for business 7 Say hello to the Powerscourt Hotel Opinion 10 Keep the Seanad, says Anne Ferris Shut it down, says Simon Harris inside back 23 Battle on for Wanderers

On Song: Ciara Kelly and Sinead Duffy launch the fifth year of the M Factor, which will take place in the Martello Hotel on Bray’s seafront from Thursday, October. (Pic: Joe Keogh). » See story on page 9

SPORT 24 Murphy hears Ireland’s call


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