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Property prices expected to rise by 2 percent this year

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By Ted Healy of DNG TED HEALY

It's that time of year again where property reports on the year past are plentiful, with financial institutions, agencies and construction firms all analysing the past 12 month's activity and making predictions for the year ahead.

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The latest report, from the Society of Chartered Surveyors (SCSI) has highlighted that in the final quarter of 2022, 40% of house sales were due to landlords exiting the market.

It suggests property prices are expected to rise by 2 percent this year, a considerable slowdown on the double-digit growth rates up to now which is likely to put a squeeze on house builders because construction costs are rising at more than 2 percent. This will directly impact on supply to the market.

The large numbers of buy-to-let properties being sold will not be replaced in the rental market, putting more pressure on rental costs.

The survey found that popular new three-bed semis remain out of the reach for a large number of first-time buyers on average salaries.

The trend of second-hand buy-to-let properties coming on the market was evident throughout 2022, but it ramped up in the last quarter of the year. While this may have helped to increase the number of properties available for sale – 66% of agents reported low stock levels this year – the lack of supply remains the dominant issue in the market.

The trend of private landlords exiting the market also has serious implications for the supply of rental properties. SCSI agents are reporting that the supply of available units to rent is at one of the lowest levels ever, and they do not believe the situation will improve in the short term.

“Almost 80% of agents surveyed are of the view that individual buy-to-let second-hand rental units being sold at present will not be replaced in the rental market in the next two years,” said John O’Sullivan of SCSI.

The survey found the three primary reasons for occupied residential units coming back on to the market for sale include the complex and restrictive nature of rent regulations, landlords finding compliance with rented housing standards too onerous, and net rental returns too low, according to the report.

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County Clean Up Day: Over 650 tonnes of waste collected since 2012

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The 14th annual County Clean Up is set to take place on April 11 with registration officially opening this coming Monday.

Since the initiative began in 2012, volunteers across Kerry have collected and disposed of over 650 tonnes of waste, filling almost 75,000 bags of litter to date.

The event, supported by KWD Recycling and Kerry County Council, has become a staple of the local community calendar.

Kerry GAA legend Colm ‘The Gooch’ Cooper returns as the County Clean Up Ambassador for 2026, helping to lead the call for individuals, schools, sporting groups, and businesses to get involved.

Cathaoirleach of Kerry County Council, Cllr Michael Foley, highlighted the unique scale of the project. He urged residents’ associations and voluntary groups to gather litter along both major routes and local country roads to ensure the county is kept “spick and span.”

Noel O’Reilly from KWD Recycling noted that the day is a vital part of the fight against illegal dumping. He stressed the importance of groups signing up early to obtain their clean-up packs and to coordinate exactly where collected litter should be left for disposal.

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Killarney Fire and Rescue issues warning over lithium-ion battery hazards

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Killarney Fire and Rescue has issued an urgent safety warning regarding the charging of devices containing lithium-ion batteries.

The alert covers a wide range of common household and professional items, including mobile phones, laptops, e-scooters, and modern power tools.


Fire officers have highlighted that these batteries consist of several individual cells. If a battery begins to overheat while charging, it can trigger a process where one cell ignites the next in rapid succession, leading to a significant fire.


Killarney Fire and Rescue Officer Paudie Mangan explained that the service recently attended a local fire caused by a laptop that had been left to charge for an excessive period.

The prolonged charging resulted in the battery cells overheating and starting the blaze.


The fire service is particularly concerned about the practice of charging high-capacity batteries, such as those found in e-scooters and power tools, inside residential buildings.

Tradespeople are also being warned not to leave tool batteries charging unattended for long periods.


“One fire we have attended was caused by an e-scooter charging in a cupboard under a stairs,” Officer Mangan stated. “Once the fire took off, the people had to jump out windows as flames blocked the stairs. Things like e-scooters and power tools should not be charged inside the home.”

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