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Kerry house prices expected to fall by 5% in 2023 – survey

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The price of the average three-bed semi in Kerry is expected to fall by 5% in the next 12 months, according to a survey by Real Estate Alliance.

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Three-bed semi-detached homes in the county now cost an average of €292,500, up 11% on the December 2021 average of €263,000, the Q4 REA Average House Price Index shows.

However, average house prices have fallen by 2.5% in the past three months as mortgage interest rate rises and cost of living increases combine to calm the market.

The survey concentrates on the actual sale price of Ireland's typical stock home, the three-bed semi, giving an up-to-date picture of the second-hand property market in towns and cities countrywide.

First time buyers made up 35% of the market in Kerry in Q4 2022, with 35% of sales coming from outside the county.

Across the county, the average time taken to sell was eight weeks, up from six in Q3.

Average Killarney prices fell by -2.78% this quarter to €350,000, while Tralee prices dropped by 2% to €235,000.

“The market has slowed with the number of viewings down 30%. House prices have softened a small bit but are still selling,” Donal Culloty of REA Coyne and Culloty, Killarney said.

“There still is a huge demand problem as no new developments are commencing due to high land prices and the cost of construction.

CRISIS LEVEL

“The housing problem is now at crisis level and only going to get worse. We need new properties to be built.”

The majority of REA members feel that the scheduled changes to the Planning Acts will have little effect on market supply in 2023, due to the time lag between legislation and enactment.

The actual selling price of a three-bedroomed semi-detached house across the country rose by 0.36% over the past three months to €291,667 – representing an annual increase of 8%.

However, house prices in Dublin have fallen slightly by -0.34% in the same period, as mortgage interest rate rises and cost of living increases stem the stream of potential homeowners.

REA agents throughout the country expect prices to rise by just under 3% on average in the next 12 months.
The property market is expected to enjoy a calmer 2023 as mortgage interest rate rises and cost of living increases affect buying ability, according to the nationwide survey.

In Dublin city, which is currently experiencing small price drops in certain areas, agents anticipate modest increases of 3.6% across the year.

This comes off the back of 2022 which saw average house prices rise by 8% nationally and 5% in the capital – with feverish early year increases slowing down in the autumn and winter.

The country’s large towns experienced 10% growth last year, with 1.2% in the final quarter, and REA agents say that this will continue throughout next year, albeit at a slower pace, with growth of 3% predicted.

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Great Southern hotel unveils new branding

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The Great Southern Killarney has recently achieved a coveted five-star rating, following significant investment across their guestrooms, dining, and event facilities.

The newly crowned five-star hotel has announced a new brand identity under the campaign theme ‘Splendour, Untamed’, positioning the hotel as a luxury destination which honors its heritage.

The ‘Splendour, Untamed’ concept speaks to duality at the heart of a stay. 

Splendour reflects the elegance of the hotel, restored interiors, luxurious accommodation and warm, attentive service. 

Untamed celebrates the wild beauty of Killarney, and the spirit of exploration it inspires. Curated guest experiences bring this to life, from guided foraging tours and photography walks through Killarney National Park to wellness activities designed to deepen a connection with the destination.

A highlight of the elevated offering is Arbour, the hotel’s brasserie. Grand yet relaxed, Arbour combines original architectural features with a contemporary feel, serving refined classics and seasonal dishes from County Kerry producers.

Jamie Power, General Manager, said that securing five-star status and unveiling their new branding marks a defining moment for the hotel.

He explained: “It is important that our brand reflects the unique balance of rich heritage, adventure and contemporary luxury that defines a stay here. Killarney is a truly unique destination, but it is our people who bring it to life. The warmth, personality and genuine hospitality of our team sit at the heart of every guest experience and is remembered long after they leave,”

The rebrand is accompanied by a refreshed visual identity, new website and brand video, rolling out across all digital channels, marking the next chapter for a hotel that has been at the heart of Killarney for over 170 years.

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Flesk Valley Rowing Club tackles Ocean to City race

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Flesk Valley Rowing Club sent a well-seasoned crew across the county bounds last weekend to compete in the Ocean to City race (An Rás Mór).


The crew, consisting of Peter O’Sullivan, Colm O’Súillebháin, Karol Kelly, and Donal Kelly, was piloted by Carrigaline native Paul Burke. Burke used his local knowledge to navigate the shortest course possible from Crosshaven to Cobh, through Monkstown and Lough Mahon, all the way to the finish line in Cork city.
The crew prepared for the event with marathon training sessions on Lough Lein over the past few weeks, aided by coxes Orlaith O’Sullivan, Caoimhe Kelly, Aodhagán O’Sullivan, and Noel Prendergast.
Club organisers extended thanks to Colm O’Súillebháin for organising the trip, Karol Kelly for towing the boat, Breda Burke for logistical support, and the travelling supporters. Thanks were also expressed to Fossa Rowing Club for the use of their trailer over the weekend.


Flesk Valley Rowing Club Ocean to City 2026: Pictured left to right are Peter O’Sullivan, Donal Kelly, Karol Kelly, Paul Burke, and Colm O’Súillebháin.

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