Planning applications in Kerry continue to rise despite fall in construction

House prices in Kerry have continued to rise despite an apparent cooling of the market in Dublin. planning drawings 4 The Irish Independent reports that property prices in the capital have fallen by seven percent or almost €20,000 in the past three months. In Kerry, prices rose by over eight percent between March and June and by over ten percent since December. Meanwhile, figures from the National Housing Construction Index for the first four months of 2015 show a sharp fall in activity in the residential construction sector in Kerry compared to last year. The latest edition of the National Housing Construction Index reveals that new builds in Kerry have fallen by forty percent in the first four months of 2015 when compared to the same period last year. This is despite a rise of over 51 percent in planning applications year on year. The latest edition of the index, which is aggregated by consultancy firm Link2Plans, also shows that nationally, commencements are down 51pc in the first two months of 2015 with every county recording a decrease. Nationally, planning applications are up by 18 percent. Managing director of Link2Plans, Danny O’Shea, says despite the drop in commencements, sentiment remains strong. He says project applications maintain strong double-digit growth in 23 counties when compared to the first four months of 2014 despite the dramatic fall in commencements.