De­sir­able ad­dress re­tains its time­less ca­chet

Irish Examiner - Supplement - - KINSALE - Tommy Barker

Kin­sale’s prop­erty mar­ket con­tin­ues to make head­lines — this niche Mun­ster town has led the re­cov­ery in house val­ues (or es­ca­la­tion, de­pend­ing on whether you are buy­ing or sell­ing ) out­side of the again boom­ing Dublin mar­ket.

It has strong de­mand, con­sis­tent re­sales, a short­age of af­ford­able mid-mar­ket fam­ily homes, and in fact a short­age of most price bracket prop­er­ties, nowhere near the level of ac­tive and even im­pul­sive de­mand.

Yet, Kin­sale has prob­a­bly more choice of new builds than any other part of Cork city or county, with build­ing un­der way on at least three ac­tive sites, Clu­ain Mara and Con­vent Walk, and the third, Kin­sale Manor, yet to launch via new-to-Mun­ster builders Gan­non Homes. Kin­sale Manor is set to de­liver 136 new builds as an ap­petite whether both for buy­ers and for Gan­nons, who have al­most 15,000 homes built in the Dublin area since the 1990s .

And, while the ris­ing tide has been good to Kin­sale, and the pros­per­ous tourist town and its as-rich hin­ter­land has topped the league for mul­ti­mil­lion- euro in­di­vid­ual sales in the past five years or so, it’s notable that not ev­ery­thing sells au­to­mat­i­cally just be­cause of the Kin­sale ‘halo’ ef­fect

In­deed, it’s salu­tary to see on­line that at least three houses with €1m-plus price tags have been over 1,000 days on the mar­ket, one of them there in the greater Kin­sale coastal area for al­most six years.

Ac­cord­ing to CSO fig­ures re­leased to con­ster­na­tion in au­tumn 2016, and at a time of al­ready wor­ry­ing dou­bledigit price in­fla­tion na­tion­ally, Kin­sale had the high­est rate of prop­erty price growth out­side of the Dublin mar­ket: The av­er­age price paid for a house in the area last July was €359,259, and that was up by over 40% on the pre­vi­ous year.

How­ever af­ter the head­lines were set, agents lo­cally did point out that a small num­ber of size­able in­di­vid­ual trans­ac­tions had skewed the av­er­age, and they also noted that a very large per­cent­age of Kin­sale sales were to cash buy­ers also.

Hold the forts: Views of Charles Fort and James Fort from Co­rafinne, Scilly, Kin­sale, Co Cork, which launched last week­end at €2.75m, one of the strong­est prices sought in the town in sev­eral years.

Barn dance? Steel and stone barns, and slate-roofed farm home on six acres at Cnoc na Mór, Bal­ly­william Kin­sale, guid­ing €775,000.

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