The residential vacancy rate in Cavan was 7.1% in June 2023 and at 5% in Monaghan, which was higher than the national average of 3.9% according to the latest GeoDirectory Residential Buildings Report released this week.
This is the lowest residential vacancy rate recorded by the GeoDirectory Residential Buildings Report to date. The average residential property price in Cavan was €203,438 in the twelve months to May 2023, lower than the national average of €366,291.
There was a total of 669 residential property transactions in Cavan in the twelve months to May 2023 and 4.0% of these were new builds.
In Monaghan the average price was €221,522 in the twelve months to May 2023. There was a total of 381 residential property transactions in Monaghan in the twelve months to May this year while 13.9% of these were new builds.
270 new residential address points were added to the GeoDirectory database in Cavan in the past 12 months, while 335 residential buildings were under construction in Cavan last month.
294 new residential address points were added to the GeoDirectory database in Monaghan over the same period, while 436 residential buildings were under construction in Monaghan
Dublin was the county with the lowest residential vacancy rate in June 2023, at just 1.0%, with Kildare (1.2%), Waterford (2.3%), Meath (2.3%) and Louth (2.5%) all registering rates of 2.5% or lower.
The highest vacancy rates were reported in Connacht, with Leitrim (12.2%), Mayo (10.8%) and Roscommon (10.6%) the only counties with rates above 10.0%.
