The unexpected disappearance of Dingle’s best-known resident wasn’t the only surprise to hit Kerry over the past 12 months.
While locals mourned the loss of their much-loved dolphin, property values in the Kingdom took an unforeseen leap worthy of Fungie in his prime.
As other counties floundered to achieve modest price increases in the wake of the pandemic’s arrival, property values in The Kingdom exceeded expectations with an average increase of 12pc overall on this time last year, albeit from a relatively affordable price base. For the year ahead, the forecast is for additional but more modest growth, with values predicted to increase by 3pc.
The three-bed semi in town is typical of the current trend, having gone up in the last 12 months by just under 11pc from €185,000 to €205,000. With big increases several times this amount, other house types have gone tsunami.
On the crest of this wave is the four-bed detached, with an increase from €264,000 to €300,000, closely followed by the five-bed detached, up from €330,000 to €375,000, and the three-bed semi out of town, is up €132,000 to €150,000.
So what on earth is going on? Even by the standards of a renowned tourist destination, this new wave of buyers is inundating the county.
|3-BED SEMI IN TOWN||€185,000||€205,000||€210,000|
|3-bed Semi Out Of Town||€132,000||€150,000||€155,000|
|3-bed Bungalow Outside Town||€212,000||€240,000||€245,000|
|4-bed Bungalow In Town||€250,000||€285,000||€290,000|
|4-bed Bungalow Outside Town||€260,000||€285,000||€290,000|
|Detached 2000+ Sq Ft||€400,000||€450,000||€455,000|
According to agent Darragh Ó Sé of Property Partners Daly Ó Sé, several distinct sectors are looking for property in the region, including locals who want to stay in the county and Irish buyers from Dublin and elsewhere seeking a Kerry retreat. There’s also a tidal wave of enquiries from Europe, the US and UK.
“They’re looking for a second home, not just a holiday home, in which they can spend more time away from their main city residence,” says Ó Sé.
“They’re not here for just the occasional week or two, but plan to stay for months at a time, living and working here.
“Then there are the investors, and not just individuals planning a retirement cushion. With the hit to retail last year, some investors are now turning their attention towards residential property interests.”
The vibrant sailing and fishing village is a few miles from Tralee and half an hour to Kerry Airport