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Surge in property sales since restrictions lifted

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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 killarney@dng.ie

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Christmas magic begins as Santa arrives in Killarney

He came dashing through the town on Saturday night and packed streets greeted him with huge excitement. Yes, that’s right – Santa Claus took some time out of his very […]

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He came dashing through the town on Saturday night and packed streets greeted him with huge excitement.

Yes, that’s right – Santa Claus took some time out of his very busy schedule and arrived to town for the annual switching on of the Christmas lights and magic parade.

The streets were lined with children and their families and they’d huge smiles on their faces when they spotted the man in the red coat making his way around the town on the colourful float.

Grace O’Hare was pictured with her dad Conor – she had the best seat in the town to watch Santa Claus as she was perched high on her dad’s shoulders.

It was the same for the Patterson family, Alex, Irene, Catherine and Robert, while Parade safety steward, Marie Brosnan-Leahy, was on hand to make sure everything went off OK.

Killarney Municipal District Councillors, Cllr Niall ‘Botty’ O’Callaghan, Cllr Donal Grady, Cathaoirleach Killarney Municipal District Cllr John O’Donoghue, Cllr Brendan Cronin, Cllr Marie Moloney, also enjoyed the occasion while the Sam Maguire took pride of place and centre stage in Killarney for the annual fun filled event.

And while he was in town Santa took some time off to have a chat with Killarney Advertiser columnist Marie Carroll-O’Sullivan – check it out on page 14 of this week’s edition.

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Women’s health the focus of HeartBeat meeting

By Sean Moriarty HeartBeat Killarney will present a special meeting dedicated to women’s health next week. Hosted by HeartBeat nurse Anna O’Donoghue, the meeting tomorrow evening (Tuesday) will feature specific […]

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By Sean Moriarty

HeartBeat Killarney will present a special meeting dedicated to women’s health next week.

Hosted by HeartBeat nurse Anna O’Donoghue, the meeting tomorrow evening (Tuesday) will feature specific discussions on every decade of women’s lives.

Special guest on the evening will be Obstetrician and Gynaecologist Dr Mary McCaffrey.

“Topics will include hormones and how they affect health from puberty, the importance of bone health, a cameo on female cardiac symptoms, heart health and mid-life, as well as common health symptoms specific to women’s well-being,” said HeartBeat chairman Billy O’Sullivan.

“We welcome women of all ages to this important meeting which is an opportunity not to be missed, especially if you have health worries.”

The meeting will take place at 8pm at the Parish Centre on Park Road.

It will be followed by a Q&A session and there is an optional blood pressure and pulse clinic from 7.30pm.

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