independent

Wednesday 20 August 2014

Over €34m changes hands in 227 deals

BRENDAN McCARTHY

Published 23/01/2013 | 13:58

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OVER €34 million changed hands in residential property sales in Kerry in the last three months of 2012.

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The figures - taken from the Irish Property Price register and compiled by the Property Services Regulatory Authority (PRSA) - show that €34 million worth of houses and apartments were sold in the county in October, November and December of last year.

In all, 227 properties were sold at an average price per property of €150,000. November was the strongest month for sales with €17 million worth of properties sold; October and December had sales of €9.7 million and €7.3 million respectively.

The most expensive property sold in Kerry in the three-month period was a house at No 3, Ardagh, Loreto Road, in Killarney, which went for €1.475 million in mid-November, while the least expensive was also in the Killarney area – a property at Knocknaskeha (a derelict cottage on the Killarney to Rathmore road) which sold for just €20,000 last month.

Just one other property managed to exceed the €1 million barrier, a house in Stoneacre, Killaha, Kenmare, which sold for €1.25 million in late October.

The Property Price Register was established in a government attempt to restore some confidence in the devastated Irish property market. The register records accurate details on exactly how much houses are selling for into the public domain for the first time and includes precise information on residential properties sold in Ireland since January 1, 2010.

A price for both cash and mortgage sales are included on the register and also includes the date of sale and the address of each residential property sold.

The register and can be searched using criteria including sales by county, city or town, individual property addresses and by year.

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