Desirable address retains its timeless cachet
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.