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Kerry property prices rise by €10,000 

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Property prices in Kerry have mirrored the national trend by rising during the quarter, according to the latest MyHome.ie Property Report.

The report for Q2 2022, in association with Davy, shows that the median asking price for a property in the county is now €225,000. This means prices have risen by €5,000 compared with this time last year.

Asking prices for a 3-bed semi-detached house in the county rose by €10,000 over the quarter to €195,000. This means that prices in the segment have risen by €15,000 compared to this time last year.

Meanwhile, the asking price for a 4-bed semi-detached house in Kerry fell by €2,500 over the quarter to €210,000. This price is flat compared to this time last year.

There were 338 properties for sale in Kerry at the end of Q2 2022 – a decrease of 3% over the quarter.

The average time for a property to go sale agreed in the county after being placed up for sale now stands at nearly six months.

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The author of the report, Conall MacCoille, Chief Economist at Davy, said that 2022 should be a year of two halves, with price inflation slowing down in the second half of the year.

“Double-digit inflation and sharp price gains are set to give way to greater concerns on affordability, the economic outlook and the impact of the ECB raising interest rates.”

He said that even though the slowdown has been marginal this quarter, anecdotal evidence from estate agents suggests that the momentum driving asking price inflation earlier in the year, is starting to slow.

“However, we are unlikely to see a repeat of the Celtic tiger era - as mortgage lending rules have kept the market in check. The expected rise in interest rates from the ECB, while notable, will also not have the same negative effect given the Irish market is well insulated at present.”

He said, however, that demand was still exceptionally intense, with the average time to sale agreed falling to a fresh record low of 2.6 months.

He added that average mortgage approval rate was now €283,700 – which is above Celtic tiger levels for the first time – but that the excess demand in the market meant that effectively 20% of homebuyers with mortgage approval are currently failing to secure a property each year.

“The possibility of a modest fall in Irish house prices can’t be ruled out, correcting some of the froth built-up since the beginning of the pandemic. However, double-digit declines or a repeat of the Celtic Tiger era housing crash seems very unlikely. This is because the Central Bank of Ireland (CBI) rules have stopped homebuyers taking on too much debt.”

Joanne Geary, Managing Director of MyHome.ie, said: “It is now clear that our prediction in the Q1 2022 Property Price Report, that price inflation would slow down, has been proven correct.”

She noted that rising stock levels were a cause for optimism.

“It is encouraging to see stock levels and new listings rise this quarter, albeit from a low base. However, even though we have seen somewhat of a correction, demand is still far outstripping supply and this imbalance needs to be rectified in order for normality to return to the market.”

 

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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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