The residential property market has experienced a surge in activity since restrictions on the industry were lifted in May.
Homebuyers who have seen house prices surge during the pandemic now face a further, potentially ‘significant’, rise due to the housing shortage, the Central Bank has warned.
Pent up demand and a shortage of supply have resulted in homes selling for 10% or more over their guide prices in the past year.
In the year to April, the cost of houses and apartments rose 4.5% nationally, according to the Central Statistics Office (CSO) residential property price index.
The Central Bank expect the trend of rising house prices to continue due to the disruption to new house building during the pandemic and the build up of savings of some households.
‘’With existing supply constraints, a high degree of pent-up demand and a recovery in the flow of mortgage credit, the conditions for significant upward momentum to house prices in the months ahead appear to exist’’, it said.
A report conducted by the CSO has found that property buyers, including first time purchasers, previous owners and investors, are now purchasing residential property significantly later in life.
The median age for a sole purchaser rose from 34 to 42 between 2010 and 2019 while for joint purchasers, it rose from 35 to 38 over the same period. The Central Bank lending rules have had an impact on this as has the significant increase in the cost of renting in Ireland.
Another recent study (ESRI) found that home ownership by the age of 30 was 60% for those born in the 1960s compared to just 32% for those born in the early 80’s.
These national trends are evident on a local level with the significant shortage of supply being a dominant factor in rising prices. ‘Pent up demand and a shortage of supply of available properties is resulting in significantly higher prices being achieved at present’ says Ted Healy of DNG. ‘We are currently agreeing sales within 2 weeks of properties being listed with us and have a list of buyers registered with us seeking properties in Killarney at present.’
For anyone interested in a DNG appraisal of their property, contact DNG Ted Healy on 064 6639000 or email firstname.lastname@example.org
Develop skills and improve employability
By Niamh Dwyer, Chairperson of the Kerry Branch of Guidance Counsellors Traineeships are developed and delivered on an ongoing basis by Education and Training Boards (ETBs) nationwide and are open to potential participants of all ages and backgrounds including school leavers, mature learners and those in or seeking employment. Developed in partnership with industry representatives […]
By Niamh Dwyer, Chairperson of the Kerry Branch of Guidance Counsellors
Traineeships are developed and delivered on an ongoing basis by Education and Training Boards (ETBs) nationwide and are open to potential participants of all ages and backgrounds including school leavers, mature learners and those in or seeking employment.
Developed in partnership with industry representatives and employers, these programmes combine learning in the classroom with a minimum of 30 percent of learning on-the-job. The focus is on ‘learning on the go’ and developing perspectives that are in tune with the ever evolving world of work. They span across a range of industry sectors including business and retail, media, manufacturing, agriculture, horticulture and mariculture, care, construction, engineering, animal science, fashion and beauty, finance, ICT, hospitality, sports and leisure, and logistics.
At the core of the scheme is a strong collaboration with the ETBs in the provision of work-based learning opportunities on existing and new programmes. Traineeships lead to an award at Levels 4-6 on the National Framework of Qualifications (NFQ) and are between six to 24 months in duration. Over 75 programmes are available nationwide – although not all of them will be available nationally at all times – and the content, award and duration may vary. They are designed for flexible delivery to include online, face-to-face and blended learning.
Second level or higher education students who are interested in participating in a Traineeship Programme should contact their local ETB, adult learners should contact the Adult Education Guidance Service through their local ETB, and jobseekers will be able to access information through their local Intreo Office or Local Employment Service. For those currently unemployed, a training allowance or income support may be available. You can check out the range of opportunities offered through Traineeships nationwide on www.fetchcourses.ie and more locally check out the www.kerrycollege.ie.
Niamh Dwyer is a Guidance Counsellor in Scoil Phobail Sliabh Luachra, Rathmore, and Chairperson of the Kerry Branch of Guidance Counsellors. She is also a Career Consultant – For details see www.mycareerplan.ie or follow @mycareerplan on Facebook, Instagram or Twitter.
KNOW YOUR RIGHTS: Return to work courses
Answer: Springboard+ provides free higher education courses for people who are unemployed (or were self-employed) and those looking to return to the workforce. Courses are offered in different areas including Information and Communications Technology (ICT), medical technologies, cybersecurity, sustainable energy and financial services. The courses range from certificate to master’s degree level – Levels 6 […]
Answer: Springboard+ provides free higher education courses for people who are unemployed (or were self-employed) and those looking to return to the workforce.
Courses are offered in different areas including Information and Communications Technology (ICT), medical technologies, cybersecurity, sustainable energy and financial services.
The courses range from certificate to master’s degree level – Levels 6 to 9 on the National Framework of Qualifications (NFQ). Most of the courses are part-time and last for one year or less, but there are some full-time courses.
You can access a free Springboard+ course, if you are getting a qualifying social welfare payment such as Jobseeker’s Allowance, Jobseeker’s Benefit or the COVID-19 Pandemic Unemployment Payment (PUP). You can get a full list of qualifying payments for Springboard+ on citizensinformation.ie
If you are not getting a qualifying social welfare payment, you will have to meet the residency criteria for Springboard+.
You can also apply for a Springboard+ course if:
* You are a qualified adult of working age (under 66) on someone else’s social welfare payment
* You are signing for social insurance credits
* You are on an employment support scheme such as Community Employment (CE) or TUS
To apply for a Springboard+ course, you choose the course(s) you are interested in on springboardcourses.ie and apply online, following the instructions on the website. You can apply for up to 10 courses, but you can only take one course.
If you are getting a social welfare payment, you should notify your Intreo Centre or local Social Welfare Branch Office and check what further steps (if any) you need to take.
If Springboard+ doesn’t meet your needs, there are several other ways to go back to education.
During COVID-19, you can find comprehensive integrated information online at citizensinformation.ie/covid19/ and you can get daily updates on what’s changed on Twitter at @citizensinfo. You can also get information and advice from:
Tralee on Tel: Call 0761 07 7860, Monday – Friday (10am-4pm)
The Citizens Information Phone Service: Call 0761 07 4000, Monday to Friday, 9am – 8pm
Our national call back service: Visit citizensinformation.ie/callback to request a phone call from an information officer
Develop skills and improve employability
By Niamh Dwyer, Chairperson of the Kerry Branch of Guidance Counsellors Traineeships are developed and delivered on an ongoing basis...
KNOW YOUR RIGHTS: Return to work courses
Answer: Springboard+ provides free higher education courses for people who are unemployed (or were self-employed) and those looking to return...
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