Property & Finance
There’s a lack of property supply to satisfy demand

By Ted Healy of DNG TED HEALY
Estate Agents the length and breath of the country are this week reporting very strong demand for appointments for physical viewings from prospective buyers keen to view properties first hand.
The opening of retail and personal services by appointment last week has given a much-needed boost to businesses across all sectors, including property and construction.
WORK FROM HOME
While the COVID-19 pandemic has prompted many Irish living abroad to return home, one of the emerging trends is the move by people out of cities to smaller towns and villages due to the ability to work from home. Remote working, a temporary measure implemented during lockdowns, is here to stay.
We are now seeing those people who flocked to our main urban centres for employment, reassess life and work life balance. The pandemic has thought us to appreciate other things and as such many young professionals are now considering relocating to the regions.
TREND
The ‘work from home’ phenomenon has made it possible to conduct business from the remotest parts of Ireland provided good connectivity is available. This is a trend being experienced in the Killarney market.
Since physical viewings returned last week a high number of people looking to return to Killarney to work from home have viewed properties. We noticed the trend developing during lockdowns when we were able to facilitate virtual viewings. This trend has continued since physical viewings were again permitted last week. In the past week alone, we have sold three properties to buyers returning to Killarney to work from home.
LACK OF SUPPLY
The burning issue currently is a lack of supply of properties to satisfy the demand. With suppressed supply of both new and second-hand homes comes increased demand. Killarney is currently experiencing a severe shortage of available properties for sale.
We have a list of ready to go purchasers seeking to buy homes in the Killarney area at present and we would be delighted to speak to anyone interested in listing their property for sale.
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