House prices in Kerry rise by 12.9% despite fall in number of properties sold

The cost of buying a home in Kerry has increased sharply over the past few months, despite a fall in the actual number of properties being sold. houses Analysis in today’s Irish Independent from the Property Price Register, produced by the Property Services Regulatory Authority (PSRA), shows a 17% fall in houses and apartments being sold in Kerry in the second quarter of this year. 278 houses and apartments were sold in the county between April and June 2015; a drop of 17.8% compared with the first three months of the year. Yet house prices actually rose during the same period by 12.9% – the cost of an average home in Kerry now stands at just over €147,000. A lack of properties on the market is said to be pushing prices up. There was also a rise in sales of million euro homes across the county; in April of this year a house sold in Lackabane, Killarney for €1,350,000.