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John Moriarty retires from Kilcummin Rural Development Scheme

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Kilcummin Rural Development Group is bidding a fond but sad farewell to its long serving scheme supervisor, John Moriarty.

RETIREMENT:Kilcummin Rural Development Group meet to mark John Moriarty's retirement

John is retiring following 26 years of very valuable service to the Kilcummin and surrounding community, and to the scheme participants in particular.

The group had a small gathering in their project office to recognise John’s huge contribution. At the gathering, he was presented with some gifts and had a chance to celebrate with some of the current and past sub-sponsors, and participants of the scheme.

Kilcummin CE scheme was initiated in 1993 in response to the EU Leader 11 Programme.
Their objective is to maximise the potential of our own resources and to provide job training and opportunities for the unemployed in our area, to improve our environment and provide quality essential services to Sporting, Social and Cultural Organisations in Kilcummin and the greater Killarney area.

Helen Moynihan who will take over the role of scheme supervisor on John`s retirement said: “I certainly have big boots to fill, as John was very hard working, effective, liked and respected by all, but it is a challenge I am relishing. I had the great fortune of working with John in his capacity as scheme supervisor and I can testify to how much he will be missed amongst everyone involved in the scheme.”

During its 29 year history Kilcummin Rural Development Ltd has worked with 12 sub-sponsors who provide valuable work experience and guidance for many participants, over the years many have gone on to progress back into gainful employment in their preferred area.
John Lenihan, Chairperson of Kilcummin Rural Development Group said that John’s experience over the last 26 years was invaluable. His interaction with both the department of Social Protection and the local sub sponsors was beneficial to the CE Scheme and was the key to the overall success. John Lenihan wished John, his wife Mary and his family all the best for the future.
“Even outside his role of CE scheme supervisor, John is very active in the local community, and we are sure to see him remaining as a very valuable and permanent member of our community for many years into the future,” said Mr Lenihan.

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Is it a good time to sell your property?

By Ted Healy of DNG TED HEALY Recently published property outlooks are suggesting single digit growth in prices this year. The MyHome.ie quarterly report found the market had held up […]

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By Ted Healy of DNG TED HEALY

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

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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Tourism VAT rate should be “continued indefinitely”

A Kerry Fianna Fáil Councillor believes the current 9% tourism VAT rate should be continued indefinitely despite “the allegation that some hotels were not passing on the saving to its […]

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A Kerry Fianna Fáil Councillor believes the current 9% tourism VAT rate should be continued indefinitely despite “the allegation that some hotels were not passing on the saving to its customers”.

The reduced VAT rate of 9% was introduced by the Government in response to the challenges posed by COVID-19 to the hospitality sector.

“I believe a return to a 13.5% Tourism VAT rate would be counterproductive at this stage, to small and medium businesses that welcome visitors to our country and our county,” Councillor Michael Cahill said.

“Catered food is already charged at 13.5%, alcohol at 23% and accommodation presently at 9%. This sector is providing pretty decent returns to the Exchequer and should be supported. All parties in this debate, including the Government and accommodation providers, should review their position and ensure their actions do not contribute to ‘killing the Goose that laid the Golden Egg’.”

He explained that the tourism industry is “in a very volatile market”, as can be seen by the enormous challenges “posed by COVID-19 in recent years”.

“A grain of rice could tip the balance either way and great care must be taken not to damage it irreparably. We are all aware that the next six to 12 months will be extremely difficult for many businesses with the increase in the cost of oil and gas, etc,, and a return to the 13.5% VAT rate will, in my opinion, close many doors. If a minority are ‘price gouging’, then it should be possible to penalise them and continue to support the majority who offer value for money to our visitors.”

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