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Surge in property sales since restrictions lifted

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The residential property market has experienced a surge in activity since restrictions on the industry were lifted in May.
Homebuyers who have seen house prices surge during the pandemic now face a further, potentially ‘significant’, rise due to the housing shortage, the Central Bank has warned.

Pent up demand and a shortage of supply have resulted in homes selling for 10% or more over their guide prices in the past year.
In the year to April, the cost of houses and apartments rose 4.5% nationally, according to the Central Statistics Office (CSO) residential property price index.

The Central Bank expect the trend of rising house prices to continue due to the disruption to new house building during the pandemic and the build up of savings of some households.

‘’With existing supply constraints, a high degree of pent-up demand and a recovery in the flow of mortgage credit, the conditions for significant upward momentum to house prices in the months ahead appear to exist’’, it said.

A report conducted by the CSO has found that property buyers, including first time purchasers, previous owners and investors, are now purchasing residential property significantly later in life.

The median age for a sole purchaser rose from 34 to 42 between 2010 and 2019 while for joint purchasers, it rose from 35 to 38 over the same period. The Central Bank lending rules have had an impact on this as has the significant increase in the cost of renting in Ireland.
Another recent study (ESRI) found that home ownership by the age of 30 was 60% for those born in the 1960s compared to just 32% for those born in the early 80’s.

These national trends are evident on a local level with the significant shortage of supply being a dominant factor in rising prices. ‘Pent up demand and a shortage of supply of available properties is resulting in significantly higher prices being achieved at present’ says Ted Healy of DNG. ‘We are currently agreeing sales within 2 weeks of properties being listed with us and have a list of buyers registered with us seeking properties in Killarney at present.’

For anyone interested in a DNG appraisal of their property, contact DNG Ted Healy on 064 6639000 or email killarney@dng.ie

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Taoiseach makes historic first visit to Beaufort schools

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Taoiseach makes historic first visit to Beaufort schools

An Taoiseach Micheál Martin made a historic visit to St Francis Special School and St Mary’s of the Angels on Wednesday afternoon, marking the first time a serving Taoiseach has visited either Beaufort facility.

The visit followed a recent Dáil invitation extended by Kerry Fianna Fáil TD Michael Cahill, who accompanied the Taoiseach alongside local Councillor Tommy Cahill. During the tour, the Taoiseach met with management, staff, residents, and families to observe the services firsthand and discuss operational challenges.
Both Michael and Tommy Cahill welcomed the visit, emphasizing the campus’s potential to become a super respite centre of excellence for children and adults with profound disabilities.
“This was a truly historic occasion,” Deputy Cahill said. “The Taoiseach had the opportunity to see the excellent facilities on the campus first-hand and, importantly, to hear directly about the challenges and concerns they face. There is huge potential here to further develop respite and enhanced services.”
Councillor Tommy Cahill added that the visit was a significant day for service users and staff. He confirmed ongoing engagement with government departments, St John of God, the HSE, and local stakeholders to ensure the site’s full potential is realised.

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Dunloe Hotel plans staff accommodation amid local rental crisis

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The severe accommodation pressures facing the local hospitality sector have been laid bare this week as Killarney Hotels Limited lodged a planning application for purpose-built staff housing at The Dunloe Hotel & Gardens in Beaufort.

As rental and sales properties across the Killarney region become increasingly difficult to source, providing on-site housing has become critical for recruiting and retaining hospitality workers.


The application submitted to Kerry County Council details plans for staff accommodation lodges arranged in two connected three-storey blocks around a central courtyard area.


Phase A of the development comprises 60 staff accommodation rooms and six common room areas, with an option for a Phase B expansion to add a further 18 rooms on the estate.


The proposed scheme also includes roof-mounted photovoltaic solar panels, green roof systems, a single-storey gym building with attached bicycle and bin storage, staff car parking, landscaping, and connection to local utilities.


The planning submission comes following the announcement in May of a major €100 million redevelopment project at the hotel.

Works are underway to transform the existing five-star property into an even higher-spec luxury resort destination, scheduled to reopen in the second half of 2028.

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