Wicklow Is The Only County To See An Increase In Residential Vacancy Rate.

Out of the 26 counties surveyed, the residential vacancy rate decreased in all but one: Wicklow.

According to GeoDirectory's Residential Buildings Report for the second quarter of 2022, there is a total of over 29 thousand empty commercial units across the country.

The national vacancy rate overall decreased by 0.3% to 4.2% in the twelve months to June 2022. In total, 86,708 residential buildings were classified as vacant across Ireland by GeoDirectory, a 5.9% drop when compared to the previous year.

Meanwhile, out of the 26 counties surveyed, the residential vacancy rate decreased in all but one: Wicklow.

Dublin was the county with the lowest vacancy rate in the country at 1.5%, closely followed by Kildare at 1.6%.

A total of 34,198 new residential addresses were added to the GeoDirectory database in the twelve months to June 2022. This represents an increase of 34.1% on the total recorded between June 2020 and June 2021.

Dublin had the largest share of new address points, with 12,288 addresses added (35.9% of the total), followed by Cork (9.5%), Kildare (9.1%), Meath (6.7%) and Wicklow (5.2%).

57% of all new address points were added in the Greater Dublin Area of Dublin, Meath, Wicklow and Kildare. At the other end of the spectrum, Leitrim (0.3%), Longford (0.4%), and Roscommon (0.6%) had the smallest share of new address points.

In addition to vacancies, almost 21,897 residential address points were classified as derelict. This total was 3.8% lower than the corresponding figure for the same period last year.

The national average residential property price currently sits at €338,394 with the highest average recorded in #Dublin and the lowest in #Longford.

For more residential property stats find our report here: https://t.co/qvsfvqiXwA#HousePrices #Residential #Ireland pic.twitter.com/j6lxckgRYr

— GeoDirectory (@GeoDirectory_ie) August 23, 2022