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Significant increases in property prices

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By Ted Healy of DNG TED HEALY

The latest house price report from property website daft.ie turns up some interesting, if not unsurprising, facts on the market.

It looks at the first quarter of 2022 (Jan – Mar) which shows significant price increases and continued supply issues.

Housing prices rose by 2.4% on average during the first three months with the average listed price nationwide in Q1 now €299,093, up 8.4% on the same period in 2021 and just 19% below the Celtic Tiger peak.

The increase in Munster (outside the cities) was 13.3%.
Just 10,000 homes were listed for sale on March 1, during 2019, the average number of homes for sale on the market at any one time was just over 17,500.

Inflation in housing prices remains high – as has been the case consistently over the last decade, increasing prices reflect a combination of strong demand and very weak supply. Significant increases in the cost of construction have simply added to this.

Some interesting key points to note were that almost half of those looking to buy, but not straight away, cited the need to save for a deposit as a key factor in delaying home purchase.

DELAYS

Roughly four in five respondents cite the lack of homes as a factor in delaying home purchase.

The number of homes on the market continues to fall. The total number of properties available to buy nationally on March 1 was just 10,047, down by almost 2,000 from the same period last year and the lowest on record in a series dating back to January 2007.

In the Munster region, listed prices increased by an average of 2.7% between January and March, up 13.3% year-on-year.

Annual price inflation in Munster is above 10% again after a record level of annual inflation in Q1 of 2021.
Supply of properties in the Munster region is at a new low, with just over 2,800 properties on the market in Munster on March 1, down from 3,618 on the same date a year ago.

"On a local level, supply of properties in the Killarney area remains at an all time low," Ted Healy said.

"As a result we are experiencing a sharp rise in prices being paid for well located second hand properties. With limited new construction expected in the short term this trend is unlikely to change. We have a list of buyers eager to purchase property in the Killarney area but unfortunately the properties simply are not available. We would be delighted to speak to anyone considering selling their property and can be contacted on 064 6639000 or killarney@dng.ie."

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KWD Recycling shortlisted for national environmental awards

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KWD Recycling shortlisted for national environmental awards


Killarney-based KWD Recycling has been announced as a finalist in the 2026 Repak Resource Awards, securing a spot on the national shortlist for environmental achievement.


The local waste management company has been nominated in the Best Recovery Operator Innovation category, sponsored by DNV, for its state-of-the-art residual waste recovery system.
The Killarney facility utilizes optical sorting, screening, and mechanical processing to extract recyclable plastics and organic material from municipal waste. In its first year of operation, the technology recovered more than 10 per cent of plastic packaging from residual waste for recycling and diverted almost 50 per cent of organic material toward composting.
KWD Recycling will compete alongside Dublin operators Panda and Thorntons Recycling for the category title.
Repak CEO Zoe Kavanagh commended the Kerry firm for demonstrating environmental leadership and bringing local ambition to the national awards.
Category winners will be announced at a black-tie ceremony at the Mansion House in Dublin on Friday, October 23, where each winner will also compete for the Overall Repak Resource Award.
Local businesses have a strong track record at the national event, with Killarney town venue The Killarney Park and The Ross previously taking home the overall title in 2023.

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Drivers warned as deer rutting season begins

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Drivers warned as deer rutting season begins


Motorists in Killarney are being urged to exercise extreme caution as the annual deer rutting season gets underway, causing animals to stray far beyond their usual habitats inside Killarney National Park.


The autumn mating season sees deer becoming highly active and unpredictable, leading to increased sightings and collisions on local roads outside traditional park boundaries.
Two separate incidents highlighted the growing hazard on local routes this week. A reader contacted the Killarney Advertiser to warn drivers after spotting a deer roaming near Tiernaboul towards the school on Sunday afternoon around 7.30pm.
Later that same night, in the early hours of Monday morning, a local driver collided with a deer near Kerry Airport around 1am while returning home from an event.
Despite attempting evasive action, the motorist struck the animal, which died at the scene and temporarily blocked the road before local Gardaí were alerted to clear the obstruction.
The driver sustained substantial vehicle damage, requiring repairs to the bumper, headlamp, and internal components, leaving her facing significant garage costs and time off the road.
Gardaí and road safety advocates advise motorists travelLing during early morning and late evening and remain vigilant along tree-lined routes.

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