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Average Kerry rent €1,125 – up 101% from its lowest point

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Rents in Munster rose 12.6% year-on-year, reflecting very low availability - with just 131 homes available to rent on May 1 - down over two thirds year-on-year.

In Kerry, rents were on average 15.4% higher in the first quarter of 2022 than a year previously. The average listed rent is now €1,125, up 101% from its lowest point.

Nationwide rents in the first quarter of 2022 were an average of 11.7% higher than the same period a year earlier, according to the latest Rental Report by daft.ie. The average market rent nationwide between January and March was €1,567 per month, up 2.8% on the last three months of 2021 and more than double the low of €765 per month seen in late 2011.

While there have been differences in regional trends in rents in recent quarters, the rate of increase was similar across all major regions between early 2021 and early 2022. In Dublin, market rents rose by 10.6% year-on-year, while in Cork and Galway cities, rents rose by 10.2% and 13.8%. Inflation was higher in Limerick and Waterford cities, at 15.5% and 16.2% respectively, while outside the cities the average increase was 12.7%

SCARCITY

The sharp increase in market rents around the country reflects a significant worsening in the record scarcity of rental homes. Nationwide, there were just 851 homes available to rent on May 1, down from over 3,600 a year ago and another new all-time low in a series that extends back over 15 years to 2006. The recent fall in homes to rent is seen in all regions of the country, with an 81% fall in availability in Dublin and a 66% fall elsewhere in the country. The report also includes an analysis of 72 multi-unit rental developments, which are estimated to have added at least 400 new rental homes in the last six months. Of these, it is estimated that 82% are already occupied, with occupancy in the wider multi-unit rental sector estimated to be 95% in early May, up from 93% six months ago.

The report also includes an estimate of the trend in rents for sitting tenants since 2010, as compared to new tenants paying market rates. While inflation in market rents is currently above 10%, and market rents have doubled over the past decade, ‘stayer’ rents have increased by just 1.5% over the past year and by less than 40% over the past 10 years.

“The latest figures confirm the overall strength of demand for rental accommodation in Ireland," Ronan Lyons, Associate Professor of Economics at Trinity College Dublin and author of the Daft Report, said.

"While strong demand for housing reflects underlying economic health, it becomes a challenge when there is inadequate supply to meet it. In Ireland’s case, the economy has suffered from an under-provision of new rental accommodation for over a decade. As a result, market rents have doubled and, as shown in this latest report, rental homes have become unbelievably scarce. New figures confirm that sitting tenants have experienced much smaller increases in rents – both during 2021 and over the last 10 years. Thus, the focus for policymakers must remain on creating the conditions for tens of thousands of new rental homes – market and social, all across the country – to be built over the coming years.”

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Roger and Brendan really into the SWING of things

A Killarney man who has been living in the US for over 30 years has maintained a very strong connection with his hometown through a novel golfing tournament which involves […]

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A Killarney man who has been living in the US for over 30 years has maintained a very strong connection with his hometown through a novel golfing tournament which involves a regular challenge against local players.

Roger O’Sullivan, originally from Loreto Road and a member of the Rainier Golf and Country Club in Seattle, has linked up with another Killarney man, Brendan Keogh of SWING Golf, on several occasions to bring a group of golfers from the Seattle club to play a number of Kerry and Irish courses.

They compete for the Cider Cup which is their own unique take on the Ryder Cup.

In 2010 Roger led a group of 18 golfers from the US to play in Ireland and they repeated the journey and the adventure again in 2012, 2014 and 2017.

They had another trip planned in 2020 but that was cancelled due to Covid but they returned again in 2022 and a group of 44 golfers were back in Killarney in recent weeks to test their skills on the Kerry courses and against local players.

“Since we first started doing this in 2010 we have had 102 different golfers travel from Seattle,” Roger explained.
“I met Brendan Keogh on one of my visits home and he travelled to Seattle, at my request, and organised sponsorship at my golf club.

“Since then our trips have been expertly organised by SWING Golf who book us preferential tee-times, set up the schedule and coordinate our bus drivers. We have never had an issue or anything to worry about. Being friendly with Maurice O’Donoghue, we have always stayed at Scott’s Hotel,” he added.

The US visitors take on local players when in Killarney and this year there was 100 golfers playing on the Killeen course on the first day of their visit.

“The support of the locals has been incredible and I wouldn’t do this without them,” said Roger.
“There have been numerous friendships made over the last 14 years. We have supported a local charity on every trip and for the last two it has been the palliative care unit at University Hospital Kerry. This year we raised €5,100,” he said.

A former student at St Brendan’s College, Roger’s parents were Tony and Juliette O’Sullivan and his father was the head chef in the Gleneagle Hotel for over 20 years before the family purchased Danesfort Lodge at Woodlawn Cross on the Muckross Road.

Roger has been married for 20 years to Amy from Tampa, Florida and they have one daughter, Gracie.
Brendan Keogh joined SWING in the early days of its operation as financial operations manager, working alongside the late Paddy O’Looney.

A member of Killarney Golf and Fishing Club for 40 years, he is the current CEO and he will have served 33 years next September.

SWING, the brainchild of former Kerry Group chief, Denis Brosnan, markets and promotes the premier golf clubs in the south west and also runs an incoming golf agency.

Records show that the company has booked over 350,000 rounds of golf in the south west alone but it also facilitates golfers wanting to play elsewhere in the country.

The company’s senior team of Brendan, Eileen O’Sullivan and Tommy Pierce have 60 years of experience bringing golfers to these shores.

Killarney has been a huge beneficiary as it is a base for most visiting golfers while on the Kerry part of their trip. The locals like seeing the high spending golfers arrive in April for a season than runs until mid October.
2024 is busy and it is also looking positive for 2025.

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Killarney Toastmasters Celebrates 20 Years

Killarney Toastmasters Celebrates 20 Years

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Over 30 members, past and present, gathered last Tuesday in The Dromhall Hotel to celebrate the 20th anniversary of the founding of Killarney Toastmasters club.

Several founder members were present including Frank O’Sullivan and Bernadette Noonan, who are still current members of the club.
Members embrace the core values of Toastmasters International which are “respect, integrity, service and excellence”.
This year Killarney Toastmasters welcomed eight new members of various nationalities, who have brought many talents with them to this international club.
Outgoing president Anthony Walsh said: “I am heartened by the progress of new members and, following the success of the current year, I am looking forward to a bright future for the club.”
Anthony passed the chain of office on to incoming President Ann Hannan, who is very excited about leading the club in the year that Toastmasters International celebrates its 100th Anniversary.

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