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Is it a good time to sell your property?

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By Ted Healy of DNG TED HEALY

Recently published property outlooks are suggesting single digit growth in prices this year.

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The MyHome.ie quarterly report found the market had held up better than evidence had suggested in 2022. The number of vendors cutting asking prices remained at low levels, while many house prices were being settled above asking prices.

However, the report warned that the resilience of the housing marking is set to be tested this year. It found annual asking price inflation slowed to six percent nationwide, meaning the asking price for the average home in Ireland is now €330,000.

There were 15,000 available properties for sale on MyHome.ie in the fourth quarter of the year – an improvement on the same time last year but still below pre-pandemic levels.

Average time to sale agreed was 2.7 months nationwide which the report said is indicative of a very tight housing market.

The report said it expects to see 28,400 house completions in 2022, exceeding its previous forecast of 26,500 finished units.

The author of the report, Conall MacCoille, Chief Economist at stockbrokers Davy, said it appeared the market had held up better than evidence had suggested.

“The number of vendors cutting their asking prices is still at low levels. Also, transactions in Q4 were still being settled above asking prices, indicative of a tight market,” he said.

Recent months had seen worrying trends in the homebuilding sector, with housing starts slowing, and the construction PMI survey pointing to the flow of new development drying up.

“We still expect housing completions will pick up to 28,400 in 2022 and 27,000 in 2023. However, the outlook for 2024 is far more uncertain. The Government’s ambitious plans to expedite planning processes are welcome although, as ever, the proof will be in the pudding,” he added.

Locally, and unsurprisingly, the lack of supply of new and second-hand properties remains the dominant issue. There has been very little new construction due largely to the rising cost of construction, labour, materials and utilities which in turn is putting pressure on the second hand market.

This market proved particularly strong in 2022 with active bidding experienced on the majority of house sales and a large proportion of guide prices being generally exceeded.

The detached family home end of the market is particularly strong with increased competition for a limited number of available well located family homes.

So, what lies ahead and is it a good time to sell your property?

The answer is a tight market with scarcity of supply being a factor. If selling now you will benefit greatly from a lack of supply of available homes (therefore less competition) provided your property is marketed correctly of course!

For anyone considering placing their property on the market, contact DNG Ted Healy 064 6639000 killarney@dng.ie for genuine honest advice on how to achieve the best possible price for your home.

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Community College TY students become qualified baristas

School Dayz Transition Year students at Killarney Community College spent last Tuesday learning the skills to become baristas. They completed a full-day training course and are now qualified to make […]

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School Dayz

Transition Year students at Killarney Community College spent last Tuesday learning the skills to become baristas.

They completed a full-day training course and are now qualified to make coffee, which could make them very employable in local cafes and restaurants this summer.
Their teachers, who are described as the school’s “resident coffee experts,” were impressed with the students’ hard work and enjoyed the lattes, cappuccinos, and Americanos the students made throughout the day.
In addition to their barista training, the TY students also took a trip to Mallow. There, they learned about the rules of the road, practiced the driver theory test, and many got behind the wheel of a car for the first time. They also learned about the dangers of speeding and driving under the influence of alcohol and drugs.

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Rising stars Amano and Lillie Foley to share stage in ANAM

Two of Killarney’s rising musical talents, Amano and Lillie Foley, are set to perform their first ever joint headline concert at the ANAM Cultural Centre. Singer-songwriter and sean nós singer […]

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Two of Killarney’s rising musical talents, Amano and Lillie Foley, are set to perform their first ever joint headline concert at the ANAM Cultural Centre.

Singer-songwriter and sean nós singer Amano will bring her ‘Mythilligocial Meitheal Tour’ home for a special live performance of both her contemporary and traditional music.

Joining her on the night is local rising star Lillie Foley, making it a special event to celebrate two young Killarney songwriters making their mark on the Irish music scene. The event is supported by Kerry County Council Arts Office.

Amano, described by Hot Press in 2024 as an “idiosyncratic talent” is comfortable performing in both English and Irish, draws influences from alt-folk, R&B, and traditional sean-nós singing.

Her project THREAD was nominated for Irish language Album and Song of the year at the Gradaim Nós in 2024.

Her recent singles, ‘Burn’ and ‘The Birthing House’, have received airplay on RTÉ Radio 1, Radio Kerry, and Raidió na Life.

Lillie Foley, a 22-year-old singer who recently graduated from the Irish World Academy of Music and Dance with a BA in Voice, has released two debut singles in 2025, ‘Someday’ and ‘That’s Life’, which blend pop, soul, and folk genres.

The event is supported by Kerry County Council Arts Office.

The concert will take place on May 23, at the ANAM Cultural Centre in Killarney, starting at 7:00pm. Tickets are available from €15 plus a booking fee on Ticketpass.org.

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