The price of the average three-bed semi in County Kerry rose by 1.1% to €220,000 over the past year according to a national survey carried out by Real Estate Alliance.
Prices in County Kerry remained static over the past three months, the REA Average House Price Survey found.
The survey concentrates on the actual sale price of Ireland's typical stock home, the three-bed semi, giving an up-to-date picture of the second-hand property market in towns and cities countrywide to the close of last week.
“Sales are very slow and viewings are well down due to Brexit uncertainty,” said Donal Culloty of REA Coyne and Culloty in Killarney.
“There is a shortage of new houses in the area and no new developments have commenced.”
The price of an average three-bed semi in Killarney was static this quarter at €270,000, with the average time taken to sell fixed at eight weeks.
“We are also seeing that Brexit is very much affecting the market,” said Eddie Barrett of REA North*s in Tralee.
The average price for a three-bed semi-detached property in Tralee stood at €170,000 this quarter with time on the market also remaining at eight weeks.
The average semi-detached house nationally now costs €235,009, the Q3 REA Average House Price Survey has found – a drop of 0.43% on the Q2 2019 figure of €236,028.
The price of a three-bedroom semi in Dublin’s postal zones fell by an average of €4,500 in the past three months as Brexit uncertainty affects buyers.
Three-bed semi-detached houses in Dublin city registered a third consecutive quarter fall (-1%) since the end of June and have decreased by -3.3% to €428,500 compared to September 2018.
Prices also fell by 1% in the commuter counties in the past three months, with the average house now selling for €246,611 – an annual fall of 0.7%.
After a year of rises to June, agents are citing an uncertainty surrounding Brexit hampering viewing numbers.
Prices in the country’s major cities outside Dublin – Cork, Galway, Waterford and Limerick – remained unchanged in the past three months.
“The highest annual price increases (3.3%) were once again seen in the rest of the country’s towns which rose in selling price by an average of €5,000 in the past year and 0.36% in the past three months to €161,724,” said REA spokesperson Barry McDonald.
Ends
Available for interview:
Donal Culloty, REA Coyne & Culloty Killarney, 087 2354790
Eddie Barrett, REA North*s Tralee, 086 2568265
Media information: Holly Carr, 085 777 8568 holly@mediaconsult.ie
