8% rise in price for 3 bed semis in Kerry

The price of an average three bedroom semi detached house in Kerry has risen by 8.39% to €168,000 in the second quarter of 2015. houses That’s according to a national survey carried out by Real Estate Alliance. According to Donal Cullotty from Real Estate Alliance Coyne and Cullotty in Killarney, there have been big increases in prices for three and four bed semi-detached homes due to lack of supply in the area. Meanwhile, Eddie Barrett from REA North’s in Tralee says the bottom of the market is buoyant, while sales in the upper part of the market are very slow. Mr Barrett says that the market has been enhanced with new hotels, increasing employment and more tourists improving the local economy. The average property now takes 4 weeks to sell in Kerry, down from 8 weeks in March 2015. The quarter 2 REA Average House Price Index has found the average semi detached house nationally now costs almost €187,000, – a slight fall on the quarter 1 figure of €187,153. However, the price of an average three-bed semi in Dublin city has fallen by over €19,000 in the past three months.