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What’s next for the property market?



By Michael O’Connor    

This weekend I spent much of my time scrolling through various property websites, virtually searching through houses both at home and abroad.

Now don’t get me wrong, I do this quite a bit, but typically, I’m doing it out of curiosity more than intent.

Generally my wife sends me a link to a house, I have a nose at the pictures, and then I carry on living my life, the end.

This time it’s different.

The fact that we might actually buy one of the homes behind the link this time around adds a whole new and altogether stressful layer to a previously beloved pastime.

Like many, the idea of investing in property is something I have toyed with for a while. From a financial standpoint, I have never been overly drawn to the idea of real estate as an asset class.

Despite our cultural obsession with homeownership, there are multiple downsides. Blasphemy, I know, but bear with me.

Mortgage fees, property taxes, insurance, maintenance costs, estate agent fees, lack of mobility, landlord duties - to name just a few. All these seem to be conveniently forgotten when the back of the envelope property performance calc is being done.

Since 1940, the median home value in the United States, adjusted for home size, has increased at an annualised rate of 4.6%. After accounting for inflation, the average home value has risen by just 1.5% per year.

Stocks have generated roughly 7% per year over the long run after accounting for inflation. In other words, the stock market has generated returns at more than four times the rate of real estate appreciation.

With that being said, I do have some gripes with the stats above. Firstly, it ignores the excess volatility you get from the stock market.

Secondly, and more importantly, you can’t just strip out the leverage effect.

One final unique upside; if the capital appreciation isn’t what you expect, you can still live in it. The stock market doesn’t offer you a roof over your head.

Like most things in life, nothing is ever as good, or as bad, as it seems.

Property is no different.

With the background out of the way, let’s get into the important stuff.

Where do prices go from here?

My opinion: Do I think house prices are cripplingly high for first-time buys? Yes. Do I think they can go higher? Absolutely.

While I don’t think that property can continue to grow at the same clip into a rising interest rate environment, there are too many supportive variables at play to justify any significant move lower.

To read the full in-depth review of each factor driving the current property market and how long these factors will persist, go to

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How to have the best skincare routine at home

By Jill O’Donoghue from Killarney Toning and Beauty Studio Home care is essential for glowing, youthful skin. It’s like brushing your teeth, it must be done twice a day. Step […]




By Jill O’Donoghue from Killarney Toning and Beauty Studio

Home care is essential for glowing, youthful skin. It’s like brushing your teeth, it must be done twice a day.

Step one: Cleanse to remove sweat, oil, dirt and other pollutants that your skin naturally collects throughout the day and night. It’s the first step in your skincare routine and shouldn’t be rushed.

How to do it; Cleanse your skin in the morning and in the evening to keep your pores clear and your face fresh. Your cleanser may vary based on skin type, but with all cleansers, the general consensus is to apply them using an upward, circular motion so as to prevent wrinkles from forming. Make sure your hands are clean in order to prevent excess dirt from entering your pores.

Step two: There is a lot of confusion around toner, and when you’re first establishing a daily skincare routine, it may even seem unnecessary. But most experts agree that toning is an important addition to your skin care routine with beneficial effects for your skin. After you cleanse your skin of impurities, toner removes any residue left behind by the cleanser as well as any make-up or oils your cleanser might have missed. The added cleansing effects help prepare your skin to absorb moisturiser and minimise the appearance of pores. Some toners may have PH balancing and antiseptic effects as well. Apply toner right after you have cleansed your skin while it is still damp. The best way to apply it is with a cotton pad or cotton ball, simply soaking cotton pad with toner and wiping upward and out, starting at your neck.

Step 3: Exfoliate. Our skin is constantly shedding millions of skin cells every day, but sometimes those cells can build up on the surface of our skin and need some extra help to be removed. Exfoliating removes these dead skin cells that have accumulated in our pores. If you struggle with blackheads, acne or breakouts, you’re not going to want to miss this step.

It’s best to exfoliate after toning and before moisturising. You should exfoliate one to three times a week, but this depends on your skin type and how it reacts to exfoliation. Experiment and find what works best for you. There are chemical exfoliators and granule exfoliators such as your traditional sugar or salt scrub. Both can be effective tools for removing dead skin cells, but chemical exfoliating ingredients like AHA and BHA are often more effective in getting deep into your pores and removing buildup.

Properly cleansed skin will allow your next steps e.g. serums and moisturisers get to the right layers of the skin where they will be most effective.

For a skincare consultation or more advice just ask Jill on 064 6632966.

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Annual Christmas motorbike charity road run launched

The Kerry Bikers are hosting their annual Christmas Bike Run on December 18. The event will raise funds for St Francis’ Special School at St Mary of the Angels in […]




The Kerry Bikers are hosting their annual Christmas Bike Run on December 18.

The event will raise funds for St Francis’ Special School at St Mary of the Angels in Beaufort and Eagle Lodge in Tralee.

Now in its sixth year, the run, which is organised by an amalgamation of several Kerry motorcycle clubs under the banner of Kerry Bikers, will visit Killarney.

The run gets underway at 10.30am from Tralee. The first stop off is in Sheahan’s Centra on the Muckross Road where the Tralee group will be joined by local motorcyclists before setting off on a yet to be decided route.

“We will announce the route in Killarney. Last year we went to Killorglin, Farranfore and Castleisland. This year Abbeyfeale and Listowel may be in reach and if so we will make donations to Nano Nagle Special School too,” organiser Dave Foley said.

Over one hundred motorcycles are expected to take part in the run. Last year the full convoy measured 1.6km from start to finish.

“We hope to exceed that this year,” added Foley


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