302 residential buildings were under construction in Mayo in December 2019, according to the latest GeoView Residential Buildings Report, published by GeoDirectory and EY-DKM this week.
The majority (49.2% ) of the buildings under construction in Ireland are located in Dublin and the surrounding counties of Meath, Kildare and Wicklow, further emphasising the capital’s role in driving residential construction activity.
The counties with the lowest levels of construction activity are located in the north-west and midlands in December 2019. Leitrim (24 ), Longford (88 ), Roscommon (96 ) and Sligo (96 ) registered the lowest number of buildings under construction.
435 residential addresses in Mayo were added to the GeoDirectory database in 2019. Dublin accounted for almost a third of all new address points in 2019, with 6,189 in total. Cork registered the second highest total with 2,146 (10.5% ), while commuter counties Kildare (1,988 ) and Meath (1,452 ) also recorded significant numbers of new dwellings. In overall terms, 65.1% of all additions to the GeoDirectory database in 2019 were located in Leinster. At the other end of the scale, Longford (53 ), Leitrim (67 ), Cavan (169 ), Roscommon (176 ) and Sligo (180 ) recorded the lowest number of new residential addresses.
Analysing property prices over the past decade highlights the volatile nature of the property market over this period. In 2010 the average residential property price in Mayo was €173,120, decreasing by 12% to €151,720 in 2019. There were 1,126 residential property transactions in Mayo in the 12 months to October 2019, with an average property price of €146,980. The average residential property price nationally was €290,209. Westport was the town in Mayo with the highest residential property price (€198,361 ), while Ballyhaunis had the lowest average price (€94,286 )
