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.
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.”
GAA stars set to gather for A Night With Legends
By Sean Moriarty Over 1,500 people are expected to attend Fossa GAA Club’s ‘A Night With Legends’ on Tuesday night. GAA royalty will grace the INEC stage as part of […]
By Sean Moriarty
Over 1,500 people are expected to attend Fossa GAA Club’s ‘A Night With Legends’ on Tuesday night.
GAA royalty will grace the INEC stage as part of an ambitious fundraiser by the club.
The event will be styled on RTÉ’s popular pre All-Ireland Final show ‘Up for the Match’ where footballing legends will tell some of their life stories in between music and songs.
It will be hosted by author and raconteur Billy Keane and horseracing photographer Pat Healy. The event is one of the key fundraisers for the expanding Fossa GAA Club.
Coming just days before Kerry’s All-Ireland semi-final with Dublin, ‘A Night With Legends’ will also serve as a light-hearted preview to the important game.
Kerry greats like Pat Spillane, Mike Frank Russell, Paul Galvin and Eamon Fitzmaurice will be joined on stage by Dublin hero Bernard Brogan Sr. Killarney greats Colm ‘Gooch’ Cooper and Ambrose O’Donovan will also be there.
“This is not going to be a boring night, it is going to be filled with fun and banter, music and craic,” Fossa GAA chairman, Dermot Clifford, told the Killarney Advertiser.
Several raffle and auction prizes are up for grabs on the night too, the most unusual being a chance to bid on a racing greyhound, donated by the Murphy Family from Brosna.
The fundraiser has already raised €10,000 thanks to a recent auction organised by Paul Nagle. The local rally star sold one of his world championship helmets for €25,000 with the balance going to Recovery Haven in Tralee.
Limited tickets are still available at a cost of €25 per person or groups can buy a table of 12 for €250.
Ticket enquires: firstname.lastname@example.org.
Salvias are valuable plants for any gardener
By Debby Looney, gardening expert One plant which I think is a super addition to borders and pots is the salvia. There are many to choose from, but there are […]
By Debby Looney, gardening expert
One plant which I think is a super addition to borders and pots is the salvia. There are many to choose from, but there are two broad differences, one is the bedding salvia, with its spikes of fire-engine-red flowers – though they come in cream and purple also.
These have become less popular with gardeners over the years, as slugs eat them with relish. I have found the product ‘Grazers’, a spray, excellent as a slug repellent. As an aside, ‘Grazers’ also do a rabbit, deer, lily beetle and caterpillar repellent, all of which are organically certified and perfectly safe to use. They are also quite effective products. Secondly, everyone knows the herb salvia, or sage which goes perfect with chicken, roast squash or parma ham, it is a flavour of autumn.
However, there are over 500 salvias to choose from, and happily, nurseries are taking notice of them. This year a notable addition to most garden centre stock is the hybrid Wish collection. There are three; ‘Love and Wishes’, ‘Ember’s Wish’ and ‘Wendy’s Wish’. Being the greedy gardener I am, I planted all three, and have been rewarded by large bushy plants with masses of colour. I planted them in a free draining, sunny part of the garden, where they have plenty of space. The plants themselves reach about 80cm, flower spikes being at least 20cm long in colours pink, aubergine and orange.
Another beauty is S. Amistad, which every garden with a flower border should have. They grow up to 1.2m, with lush dark green foliage, topped by dark blue flowers. The calyces (the bit the flower comes out of!) are almost black, giving it a fantastically dramatic look. S. nemerosa is a hardy variety, used in Irish gardens for years, as it spreads happily keeping weeds at bay. ‘New Dimension Blue’ is a lovely variety, with rich blue flower spikes. S. nemerosa does not grow that tall, about 30cm. It is also one of the few salvias which will tolerate heavy soil and a lot of winter rain.
S. roemeriana ‘Hot Trumpets’ is also a low growing spreading salvia, about 30cm, with the brightest red flower spikes I have yet to see rivalled! It grows well in dappled shade, adding great splashes of colour. Another red is S. x jamensis ‘Hot Lips’. It is an evergreen perennial, which loves full sun. It grows to about 50cm, and has flowers from April through to the first frosts. The flowers are bicoloured red and white, like little flags. ‘Killer Cranberry’ is another beauty with magenta flowers.
All salvias are attractive to bees and other pollinators, and as such are valuable plants for any gardener. They look great grouped with other perennials, as well as in pots or on their own in beds.
GAA stars set to gather for A Night With Legends
By Sean Moriarty Over 1,500 people are expected to attend Fossa GAA Club’s ‘A Night With Legends’ on Tuesday night....
Salvias are valuable plants for any gardener
By Debby Looney, gardening expert One plant which I think is a super addition to borders and pots is the...
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