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Is now a good time to sell?

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By Ted Healy of DNG TED HEALY 

The most recently published property outlooks are all telling us that national property prices are set to continue their upward trajectory in 2022.

But before we look forward let us consider what has happened in 2021.

After a subdued start due to the ongoing pandemic, the housing market took off with a bang in 2021, leading to double-digit price growth. A mix of soaring demand, restricted supply, historically low interest rates – and an increased focus on lifestyle thanks to the move to remote working – turned up the temperature on property prices right across the country. To a degree it has proved the perfect storm.

Unsurprisingly, the lack of supply of new and second-hand properties remains the dominant issue and this will continue to be the main market driver going forward. Construction levels are not where they should be, due largely to a hangover from pandemic lockdowns closing the sector. The other obvious concern here is the rising cost of construction, labour, materials and utilities.

Given the demand/supply imbalance, further price increases are inevitable this year.
Locally, the supply of new homes to the market is not expected to match demand levels which in turn is putting pressure on the second hand market. This market has proved particularly strong in recent months, and has strengthened even further since the turn of the year with multiple competitive bidding on most properties and 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. The pandemic has also focused people’s minds and speeded up their buying decisions to “right size” their living arrangements.

The ‘work from home’ phenomenon, a direct result of the pandemic, has led to returning homebuyers fuelling this market. Those lucky enough to have sold in one of the major cities are directly benefiting from recent price inflation and are therefore in a particularly strong buying position.

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

The answer is further likely price increases (albeit at perhaps a reduced rate) and now is most definitely a good time to sell.

If selling now you will benefit greatly from a lack of supply of available homes (therefore less competition) and likely achieve a bonus price for the right property (marketed correctly of course!)

We are currently experiencing homes selling in record time with strong prices across all sectors. The number of available homes for sale in the local market are at record low levels at present which is a major factor in projected further price inflation.

For anyone considering placing their property on the market, contact DNG Ted Healy for the best honest advice on how to achieve the best possible price for your home. 

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Gleeson Dental now offering facial aesthetics

Gleeson Dental, located on St Anthony’s Place, is now offering facial aesthetics. It is the latest offering from the town centre practice. Dr Susan Gleeson graduated as a general dental […]

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Gleeson Dental, located on St Anthony’s Place, is now offering facial aesthetics.

It is the latest offering from the town centre practice.

Dr Susan Gleeson graduated as a general dental surgeon 27 years ago.

She previously worked in England and Cork before returning home to Killarney in 2009 to take over her father’s dental practice with her sister Katie.

“More recently, I decided to pursue my keen interest in facial aesthetics. Hence, I embarked on an intensive training course,” she told the Killareny Advertiser.
“This mentorship is under the guidance of Dr Sheila Li, a Harley Street based dentist with over 10 years’ experience in facial aesthetics. Every year following an interview process, Sheila takes on six trainees and I was lucky enough to get this amazing training opportunity.”
The course is a year-long process involving in-depth learning and hands-on clinical training days in Dr Sheila’s Harley Street clinic.
The course, also, extends to treatment planning cases with Dr Sheila, thus allowing access to her vast knowledge when planning treatments for Dr Gleeson’s patients.
“Therefore, I am now able to offer a vast array of facial aesthetic treatments at Gleeson Dental. These treatments include the use of Botox to reduce the appearance of fine lines and wrinkles. In addition to this, Botox has a wide range of additional applications, including the treatment of tooth grinding, headaches, gummy smiles, neck bands and excessive underarm sweating,” she added.
Dermal filler treatments are, also, available to treat issues related to volume loss while skin booster treatments such as Sunekos and Profhilo can be used to regenerate and rehydrate tired looking skin.
Facial aesthetics may conjure up images of over-filled expressionless people but Susan hopes to change people’s view of it.

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Killarney postcode V93 home to the county’s most-expensive properties

With properties both for rent and for sale in short supply, prices in the Killarney area have remained strong. In fact, houses with the V93 eircode were, once again, the […]

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With properties both for rent and for sale in short supply, prices in the Killarney area have remained strong.

In fact, houses with the V93 eircode were, once again, the most expensive homes in Kerry over the past 12 months according to data published by the CSO Residential Property Price Index. The report shows that in the year to December 2023, the average cost of buying a home in Kerry was €242,000 up 5% from the previous year’s figure of €230,000
Nationally that figure now stands at €327,000.
The average house price within the V93 eircode region was €284,000, 17% approx. above the average price for a home within the county.
With supply levels at an all time low and with very little new construction in the pipeline, there is little sign of this changing in the immediate term.

Commenting on the market, Ted Healy of DNG, has expressed concern with the low volume of properties available for sale at present.
‘We have lots of interested buyers seeking property in the Killarney area but unfortunately, we cannot satisfy the demand at present. The past 12 months has seen us securing sales in record time for record levels.”

DNG Ted Healy will be launching a new development of townhouses in the Woodlawn area to the market in the coming months and report that demand is exceptionally high.
The expect these properties to sell out in record time.
And with construction due to commence shortly on another scheme of detached houses on Muckross Road, it is looking like a busy year ahead.
However, this will not be enough to satisfy the demand at present. Properties within the V93 area are highly sought after and in very short supply, resulting in strong prices being achieved.
So is now a good time to sell your property? Yes, according to DNG Ted Healy who is actively seeking properties for sale to satisfy their ever expanding list of buyers.

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