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Killarney facing property crisis according to local estate agent

Apr 1, 2021 13:04 By radiokerrynews
Killarney facing property crisis according to local estate agent Killarney facing property crisis according to local estate agent
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A Killarney estate agent has warned of a looming property crisis in the town. Donal Culloty of Coyne & Culloty estate agents in Killarney said

A Killarney estate agent has warned of a looming property crisis in the town.

Donal Culloty of Coyne & Culloty estate agents in Killarney said there are no new housing developments coming on stream and there’s a massive supply issue.

The latest Irish Independent REA Average House Price Index shows house prices in Killarney rose by 3.7% to ‚ā¨280,000 in the first quarter of this year.

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It’s now taking six weeks to sell an average three bed semi in Killarney with around seven buyers for each property that comes on the market.

Coyne & Culloty estate agents has also seen a trend of people moving out of cities for a better quality of life in towns like Killarney.

House prices in Tralee prices rose by 1.7% to ‚ā¨185,000, with time taken to sell just five weeks.

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The price of the average second-hand three bed semi in Kerry has increased by 2.9% to ‚ā¨232,500 in the last three months.

The average time taken to sell a house in Kerry has remained at six weeks between December and March.

 

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