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Kenmare area has the oldest home buyers in the country

New CSO figures reveal that home buyers in Kenmare are of the highest median age of any region in the State – at 54 years of age; 12 years above the national average

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Kenmare, where home buyers are the oldest in the entire country as the latest available CSO figures reveal. Photo by Tatyana McGough

Kenmare, where home buyers are the oldest in the entire country as the latest available CSO figures reveal. Photo by Tatyana McGough

Kenmare, where home buyers are the oldest in the entire country as the latest available CSO figures reveal. Photo by Tatyana McGough

kerryman

The Kenmare region has the oldest home-buyer profile in the entire state.

Figures released this week by the Central Statistics Office of Ireland reveal the extraordinary disparity between the capital – where demand is greatest among younger buyers fighting for first-time homes – and parts of rural Kerry, where the property market is driven by older people focused on entirely different priorities in a region served by comparatively low available stock.

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Purchasers in the Kenmare Local Electoral Area (LEA) – covering all of Iveragh and Kerry Beara – were of the highest median age of all property buyers in the republic in 2019, according to the CSO’s Characteristics of Residential Property Purchasers report published this week.

It offers a comprehensive breakdown of the property market for 2019 by price, age and income across all LEAs.

And it shows that the median age for sole buyers in the Kenmare LEA was at 54; 12 years older than the national median age for sole purchasers at 42. The lowest median age for buyers in the sole-purchaser category was in Ongar, Fingal at 35 years of age.

Figures for Kerry show that the median age for all types of transactions – not just sole buyers but joint buyers of two or more purchasers as well – was at 42 in the Listowel, Tralee and Killarney LEAs, 47 in Corca Dhuibhne and 51 in the Kenmare LEA (factoring in joint purchasers). Buyers in Kerry were youngest in the Castleisland LEA on a median age of 38.

The lowest median income for joint transactions in the country was in Buncrana, Donegal, on €48,800; with the highest in Pembroke, Dublin City, on €162,000. Carrick-On-Suir, Tipperary, was the LEA with the lowest median income for sole transactions at €24,600, while Pembroke, Dublin City, was the LEA with the highest, at €74,200.

In Kerry, the median income for all types of transactions reveals Killarney as having the wealthiest home buyers on €67,900: Corca Dhuibhne is next on €67,800; followed by Kenmare, €53,800, Listowel on €52,400, Tralee on €50,900 and Castleisland on €46,200 (lower than the Buncrana figure referring only to joint transactions).


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