Brexit affecting house sales in Kerry

Brexit is affecting the sale of top end housing in Kerry.

That’s according to a survey carried out by Real Estate Alliance.

The survey also found that the price of the average three-bed semi in Kerry is expected to rise by 2% in the next 12 months.

The REA Average House Price Survey found that prices in the county rose by 6% to €222,500 in 2018 – with a rise of 2.3% between September and December.

However, it also found that properties at the higher end of the market in Kerry remain unsold.

Eddie Barrett of REA North’s Tralee said it’s much quieter than previous periods, probably due to nervousness in the market due to Brexit.

Donal Culloty of REA Coyne and Culloty in Killarney said potential  buyers are holding off as there could be up to 15% extra to spend if there is no hard Brexit and sterling rises.

The REA says there is an excellent market for new semi-detached houses up to €250,000, but there is no supply.

The organisation says prohibitive land costs and taxes ensures builders cannot produce houses at that price.

The REA does not forecast an uplift or increased activity in the market for first six months of 2019.