News
Kerry house prices expected to fall by 5% in 2023 – survey
The price of the average three-bed semi in Kerry is expected to fall by 5% in the next 12 months, according to a survey by Real Estate Alliance.
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Three-bed semi-detached homes in the county now cost an average of €292,500, up 11% on the December 2021 average of €263,000, the Q4 REA Average House Price Index shows.
However, average house prices have fallen by 2.5% in the past three months as mortgage interest rate rises and cost of living increases combine to calm the market.
The survey concentrates on the actual sale price of Ireland's typical stock home, the three-bed semi, giving an up-to-date picture of the second-hand property market in towns and cities countrywide.
First time buyers made up 35% of the market in Kerry in Q4 2022, with 35% of sales coming from outside the county.
Across the county, the average time taken to sell was eight weeks, up from six in Q3.
Average Killarney prices fell by -2.78% this quarter to €350,000, while Tralee prices dropped by 2% to €235,000.
“The market has slowed with the number of viewings down 30%. House prices have softened a small bit but are still selling,” Donal Culloty of REA Coyne and Culloty, Killarney said.
“There still is a huge demand problem as no new developments are commencing due to high land prices and the cost of construction.
CRISIS LEVEL
“The housing problem is now at crisis level and only going to get worse. We need new properties to be built.”
The majority of REA members feel that the scheduled changes to the Planning Acts will have little effect on market supply in 2023, due to the time lag between legislation and enactment.
The actual selling price of a three-bedroomed semi-detached house across the country rose by 0.36% over the past three months to €291,667 – representing an annual increase of 8%.
However, house prices in Dublin have fallen slightly by -0.34% in the same period, as mortgage interest rate rises and cost of living increases stem the stream of potential homeowners.
REA agents throughout the country expect prices to rise by just under 3% on average in the next 12 months.
The property market is expected to enjoy a calmer 2023 as mortgage interest rate rises and cost of living increases affect buying ability, according to the nationwide survey.
In Dublin city, which is currently experiencing small price drops in certain areas, agents anticipate modest increases of 3.6% across the year.
This comes off the back of 2022 which saw average house prices rise by 8% nationally and 5% in the capital – with feverish early year increases slowing down in the autumn and winter.
The country’s large towns experienced 10% growth last year, with 1.2% in the final quarter, and REA agents say that this will continue throughout next year, albeit at a slower pace, with growth of 3% predicted.
Top golf scores at Mahony’s Point
Ivan Tagney and Aoife Twomey secured top honours at Killarney Golf and Fishing Club as members turned out in large numbers to compete for Captain Tomás Kelliher’s Prize on Mahony’s Point.
In the men’s event, Ivan Tagney claimed the Captain’s Prize with an impressive 42 points. Conor Dillon carded 48 points, returning the lowest score of the weekend, though he was ineligible for the main trophy without an established handicap.
Despite wet weather, the ladies section produced remarkable scoring on Sunday. Aoife Twomey took first place playing off 28 handicap, recording a nett 63. June O’Brien finished runner-up with a 67 nett, followed by Kay O’Connor in third with a 69 nett.
Captain Tomás Kelliher extended his thanks to the committee, staff, and volunteers for organising the flagship competition, praising the course condition and strong turnout across both events.
Results
Men’s Captain’s Prize 1st: Ivan Tagney (42 pts) Best Score: Conor Dillon (48 pts) 3rd: Joseph Sheahan (41 pts) 4th: Michael Cotter (41 pts) 5th: Emmet Scanlon (41 pts) 6th: Ian Sherlock (41 pts) 7th: Cathal O’Connor (40 pts) 8th: Aaron McCann (40 pts) 9th: Dan Quirke (40 pts) 10th: Mark Tuite (40 pts) 11th: Alan O’Meara (40 pts) 12th: Donal Begley (40 pts) Best Gross: Donal Considine (72) Category 1: 1st Kevin Leacy (39 pts), 2nd Ian Cronin (39 pts) Category 2: 1st Adam Carey (40 pts), 2nd Jack Crehan (40 pts) Category 3: 1st John McEnery (40 pts), 2nd Thomas Coleman (39 pts) Category 4: 1st Mike Dreelan (38 pts), 2nd Jason Reen (38 pts) Front Nine: Aaron Coffey (24 pts) Back Nine: Chris Myers (24 pts) Past Captain: Pat Cussen (38 pts) Over 70: Joe Geaney (39 pts) Committee Prize: Shane Horgan (38 pts) Guest Prize: Jack Kelliher
Ladies Captain’s Prize 1st: Aoife Twomey – 63 (28) 2nd: June O’Brien – 67 (20) 3rd: Kay O’Connor – 69 (13) 4th: Louise Langan – 70 (19) 5th: Mary Tobin – 71 (20) 6th: Geraldine Tarrant – 71 (26) 7th: Kathleen O’Keefe – 71 (19) 8th: Noreen O’Callaghan – 72 (18) 9th: Anne Moynihan – 72 (2) 10th: Breda Duggan – 72 (29) Best Gross: Kelly O’Donoghue (76) Front Nine: Kate O’Leary Back Nine: Sarah O’Brien 13-Hole Competition: Maud Malone – 24 pts (28)
‘Natural Kerry’ opens at Killarney House
Tralee Art Group’s ‘Natural Kerry’ exhibition officially opened at Killarney House and Gardens on Saturday, August 8, celebrating the landscapes, people, and culture of the Kingdom.
Opening remarks were given by TAG Chairperson Caitríona Foley, who welcomed artists, family, and friends before introducing special guest Michael Gleeson, former Mayor of Killarney and current Chairperson of Killarney Tidy Towns.
Addressing attendees, Michael spoke on the unique gift artists possess in capturing and sharing the beauty of Kerry through their work, offering a thoughtful reflection on the inspiration behind the collection.
The well-attended launch drew a large crowd to view the artwork, meet the artists, and enjoy the surroundings of Killarney House. Tralee Art Group extended its thanks to the staff at Killarney House and Gardens for hosting the event.
‘Natural Kerry’ runs until August 27. Many of the featured artworks are available for purchase, with enquiries available online at www.traleeartgroup.ie.
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