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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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Paralympic legend Jason Smyth visits St Brendan’s

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Paralympic legend Jason Smyth visits St Brendan’s


World renowned Paralympian and world record holder Jason Smyth paid a visit to St Brendan’s College on Wednesday afternoon as part of a high profile visit to Killarney.


The six time Paralympic gold medallist spoke to second year students from St Brendan’s College, alongside students from neighbouring schools St Brigid’s Presentation Secondary School and Killarney Community College.
The interactive talk and interview took place ahead of World Sight Day, with the legendary sprinter sharing his personal journey with Stargardt disease, a genetic eye condition that left him legally blind at eight years old.
The Derry native, who holds the world record as the fastest Paralympian on earth over 100 metres, offered inspiring insights into overcoming physical adversity and achieving success at the highest level of world sport.
The school visit formed the opening leg of his Killarney schedule before he took centre stage later on Wednesday evening at The Killarney Plaza Hotel & Spa.
Smyth headlined An Evening with Paralympian Jason Smyth, an event organised by the Killarney Chamber of Tourism and Commerce as part of its winter schedule, sponsored by AIB.

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Deerpark Retail Park placed on market for fifteen million euro

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Deerpark Retail Park in Killarney has officially been placed on the market with a guide price in excess of 15.4 million euro, excluding VAT.

International real estate firm Cushman & Wakefield has been appointed as the sole sales agent to handle the high-profile commercial property sale on behalf of its current owner, Investcorp.

Investcorp, a global investment management firm headquartered in Bahrain, had previously acquired the prominent shopping complex.


The sale represents one of the largest commercial property offerings to launch in County Kerry this year.

Located roughly 1.3 kilometres west of Killarney town centre, the scheme enjoys strong regional connectivity and sits adjacent to independently owned operations including a Tesco Extra store, a Tesco petrol filling station, JYSK, and Aldi.


Constructed in 2006, the development extends across approximately 10,482 square metres, or 112,835 square feet.

The scheme comprises a mix of modern retail warehouse units and a complementary neighbourhood centre, offering 13 individual units in total with Part Open and Part Bulky Use planning permission.

The units range in size from 94.6 square metres up to 1,994.9 square metres. Visitors have access to approximately 248 customer parking spaces across the commercial grounds.

The park is currently 100 per cent occupied by a strong line-up of established national and international brands.

Key retail tenants include Marks & Spencer, Boots, DID Electrical, Maxi Zoo, and Mountain Warehouse.

The neighbourhood centre element accommodates service and convenience operators such as Costa Coffee, Card Factory, and Salon B.

The first-floor accommodation is fully let to Peak Performance Academy, which provides additional rental diversification.

Additionally, the scheme benefits from an agreement with Tesla to operate eight electric vehicle charging bays within the customer car park.


Commercial figures show that the property generates a total current rental income of 1,326,458 euro per annum, with a weighted average unexpired lease term of 4.45 years to break options and 6.46 years to lease expiry.

Cushman & Wakefield noted that the quoted guide price of 15.4 million euro reflects a net initial yield of 7.83 per cent, assuming standard purchaser costs of 9.96 per cent.

The selling agents highlighted that the fully occupied asset offers investors an attractive income profile alongside scope for additional income generation through parking commercialisation.

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