Monday 20 October 2014

'Buyers are looking for houses not apartments'

Published 05/04/2014 | 02:30

IT HAS been on the market since January and could present great value for a prospective buyer.

An unfinished block of 12 apartments in Oakpark in a highly sought after residential area close to Tralee's town centre comes with an asking price of €120,000 and is being sold by Sherry FitzGerald Stephenson Crean on behalf of NAMA.

But in a town where the market is described as "good", one of the few available unfinished developments may not meet the local market's needs.

Auctioneer Paul Stephenson, of Sherry FitzGerald Stephenson Crean in Tralee, says as far as he's concerned there's already a housing shortage.

But he said people were looking for "quality detached houses" which did not match what was currently available.

"The market is good at the moment and I have cash buyers and first-time buyers – but I don't have the stock for them.

"I have people looking to buy quality, detached houses in Tralee and they're just not there. There's plenty of demand but the specific type of houses people are looking for we just don't have," he said.

Tralee and Killarney have been identified as two Co Kerry towns that will experience housing shortages in the next four years.

Unusually, ghost estates are not a feature of either town – but both have significantly high numbers on waiting lists for social housing.

Tralee will require 76 new housing units in the four-year timeframe, while Killarney needs 318.

Figures obtained from Kerry County Council show that there are 2,300 on the housing list in Tralee with a further 1,090 in Killarney.

Irish Independent

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