Connect with us

News

New Clerk of the Course for International Rally of the Lakes

Published

on

0211267_Darren_McCormick_01_edt.jpg

There's another change at the helm in Killarney and District Motor Club as Darren McCormick has been elected as Clerk of the Course for the 2022 edition of the International Rally of the Lakes.

He will take over from Dermot Healy who ran the last event in 2019.

Darren will become the first ever second generation Clerk of the Course of the event in the club's history, after his father Gary ran the event five times from 2005-2009.

Darren is no stranger to running Killarney based events, having run the Rentokil Initial Killarney Historic Rally in 2019.

The rally is included on the provisional 2022 calendar, taking its place on the now regular May Bank Holiday slot from April 29 to May 1.

Speaking after his appointment, Darren said that he is looking forward to getting the famous event back on track following a two year hiatus due to the COVID-19 pandemic.

“I will ensure to keep the event as cost effective as possible, with a compact, local route with centralised service. It’s been a difficult time for competitors and it’s extremely important to keep them in mind.”

He added that he is looking forward to welcoming sponsors, competitors and spectators back to the town.

SWORN IN

Darren was sworn in at a recent club meeting, where other committee members were also elected. Lisa Foley has taken the role of Secretary, with Jordan and Dylan McCarthy sharing the role of Assistant Secretary.

"We are now less than eight weeks away from the 2021 Rentokil Initial Killarney Historic Rally and we are now in an advanced stage of planning for the event. Event Clerk of the Course Martin Farrell has confirmed a 3x2 stage format for the event with centralised service. Regulations have been sent to Motorsport Ireland and entries will open shortly. We have also launched a new Historic Rally Facebook page: RentokilKillarneyHistoricRally, and recommend everyone stay in touch with the page for the latest updates."

Continue Reading
Advertisement

News

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 […]

Published

on

0249757_Ted_Healy_1000x600.jpg

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.

Continue Reading

News

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 […]

Published

on

0247235_cllr-michael-cahill-kerry-county-council-fianna-fail-featured-image.jpg

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.”

Continue Reading

Trending