New homes schemes in commuter counties

Young buyers boost demand in Cos Meath, Kildare and Wicklow

While there is clearly pent-up demand for new homes owing to a shortage of available supply, this is not translating in the city or its suburbs into overnight queues to snap up properties. The main reason for this is a gap between pricing, driven by builders’ costs and poor affordability for first time buyers. As a result many young buyers are looking further afield to the commuter counties of Meath, Kildare and Wicklow. This is by far the busiest tranche of our scheduled listing for new homes in 2019 - admittedly it takes in three county areas, but clearly there is demand as more and more new homes schemes come to market around the county borders with Dublin.

A quick tally suggest about 15 new launches in these areas with numbers of homes coming available ranging from about 20 to 40 units in each. Add to this further substantial new phases at already up and running schemes and there will be an abundance of choice coming on stream in each of these counties.

Cairn’s launch of a 250 unit development at Oak Park in Naas is likely to generate plenty of interest, while its 460 unit scheme Mariavilla in Maynooth will be one of the biggest developments to come on stream here in recent times. Close by in Kilcock Glenveagh’s Ledwill Park scheme is already proving popular with pricing for two- three- and four-bed homes set competitively between €275,000 and €400,000.