Full details here.

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Full details here.

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Michael Kinsella recently talked about the property market in North Wexford and South Wicklow on the Property Matters Show. You can hear the whole show here or skip to the 41 minute mark to listen to Michael’s interview. 

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Full details here:

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at www.KinsellaEstates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Happy New Year to all, we hope you enjoyed a peaceful Christmas break!

Even in January, the sun is shining in Wexford (albeit between the rain showers). Beaches along the South Wicklow and North Wexford coastline were busy over the Christmas holidays, with families keen to escape the excesses of the season and blow away the cobwebs.

We know that this is a popular time of the year for people to make big and often life-changing decisions. If you are thinking of buying or selling a home in the Wicklow/Wexford area, or indeed if you have been living away but dreaming of returning, 2019 might just be the right time to come home to Ireland’s Sunny South East.

2018 saw the rate of house price growth slow for the first time since the recovery. To be clear, property prices are still increasing, they are simply increasing at a slower rate. The market is still in difficulty in terms of low supply levels and consistent buyer demand. This is not as gloomy as it sounds, in fact, this translates into quite a competitive marketplace for buyers, which is good news for ready sellers.

For those interested in the new homes market, construction activity has improved over the past 12 months, up from 15,000 homes in 2017 to 18,000 homes in 2018. Output is nowhere near where it needs to be (35,000 homes annually), however, any improvement that will add to the stock of homes for sale or for rent must be welcomed. The industry is being urged by economists and market analysts to stop building three and four-bedroom semi-detached houses and to start building one and two-bedroom  apartments. I think this might be an over-simplification of the marketplace and doesn’t necessarily reflect our experiences in a large town like Gorey, which of course is very different to our experiences in smaller, rural towns like Carnew.

With an average home price of €334,000, North Wicklow remains Ireland’s fourth most expensive area after South County Dublin, Dublin City South and Dublin City North. Taking the entirety of County Wicklow into consideration, the  average house price increased 6.4% in 2018 to €333,804 according to Daft.ie or €320,000 according to MyHome.ie. Either way, this is significantly higher than the national average price of €254,000. Average property prices across County Wexford increased 7.3% in 2018 to €206,779.

Interestingly, one-bed apartments saw the greatest price increases, with one-bed units up 17.5% in Wicklow and up a massive 18.9% in Wexford. Five-bedroom detached homes in both counties saw the lowest rate of increase, just 1.7% in Wicklow and 3% in Wexford. This is consistent with trends nationwide. There is some positive news for home buyers with stock levels across Leinster increasing by 20% in the last three months of 2018.

Looking ahead into 2019, house prices across County Wicklow and County Wexford are set to increase further. National property price increases of 5% are expected, according to the latest Daft.ie and MyHome.ie reports.

For your FREE, no obligation, valuation in the South Wicklow and North Wexford area, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at kinsellaestates.ie. We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.  Alternatively, email me directly on michael@kinsellaestates.ie or telephone: +353 53 94 21718

Key highlights from the latest Daft.ie property price report, October 2017:

• House prices are currently rising at a rate of €50 per day (no typo, that’s per DAY)
• Wicklow prices are up 9.9%, with an average house price of €315,994
• Wexford prices are up 11.4% – rising at a rate higher than most of the country – with an average house price of €195,480
• Stock shortage of all types of residential properties continue; unless new supply becomes available, prices will continue to rise
• Surprisingly, the increase seen between June and September this year was the smallest nationally since prices bottomed out in late 2013
• In the final nine months of 2016, approximately 15% of transactions related to newly built homes. In the first nine months of 2017, the rate is slightly higher at 17%

daft.ie House Price Report: Q3 2017 – An infographic by the team at daft.ie

If you are considering selling in the South Wicklow and North Wexford areas, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at kinsellaestates.ie.  We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.

 Alternatively, email me directly on michael@kinsellaestates.ie or telephone : +353 53 94 21718       

Earlier this week, the Institute of Professional Auctioneers & Valuers (IPAV) for Ireland published their ‘Residential Property Price Barometer’, which gives a breakdown of prices for two-bed apartments, three-bed semis and four-bed semis across every county in Ireland.  According to this most recent research, the cost of  an average family home in Dublin is now €527,894 – more than double that of the national average three-bed at €253,466.   Wicklow remains the most expensive area outside of Dublin, followed by Kildare and Meath.  Counties Longford, Sligo and Leitrim recorded the lowest house prices nationally.

The current average prices for County Wicklow and County Wexford are as follows:

On average, two-bed apartments in County Wicklow are coming in at €202,750, the highest apartment prices outside of Dublin by quite a significant margin.  Three-bed semis are achieving an average of €275,591, while four-bed semis are making €344,036.

Similarly, across County Wexford, two-bed apartments are achieving an average sale price of €83,334, with three-bed semis making €145,000 and the four-beds getting, on average, €171,667.

The stand-out surprise is the unexpectedly strong performance of Wicklow apartments.   Of course, we know that lack of available stock – in particular, houses –  and delays with any new stock coming to the market is still the driving force behind the rising prices.  Construction across the country, including the South East region, is nowhere near the level required at this stage.  While the industry is set to deliver up to 20,000 homes per year by 2018 (which is up from just 12,666 in 2015), this is not happening quickly enough to meet current or immediate demand within the commute region.

As we watch for the delivery of new homes, it is worth reflecting on changing buyer trends in recent years.  For example, here at Kinsella Estates, we can see that house-hunters have never been more organised, better researched or as familiar with the market as this current generation of buyers are.  They are knowledgeable and well-informed, however, their expectations of quality and energy efficiency are much higher than their predecessors and developers need to be mindful of this.

With such a dearth of new homes available, particularly here in South Wicklow and North Wexford, it makes sense for home buyers – whether they are looking for their first home, trading up or perhaps downsizing by the coast – to consider purchasing a second-hand home.

Traditionally, September has always been the height of the selling season.  Over the past decade, the market has definitely become less seasonal and more opportunistic.   The reality is that homes coming to the market locally are being presented to known buyers.  Through our offices in Carnew and in Gorey, we know buyers who have been looking for the last few months and when we visit a home to appraise it for sale, very often, we have a good idea of who the buyer is likely to be.  This can help speed up the sale process, which is good news for the seller, but more importantly, by knowing the buyer, their budget and their capacity to close the deal, we can add a greater degree of certainty at a time when sellers need it most.

If you are considering selling in the South Wicklow and North Wexford areas, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at kinsellaestates.ie.  We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.

 Alternatively, email me directly on michael@kinsellaestates.ie or telephone : +353 53 94 21718       

There is no crisis without opportunity; sometimes it can be difficult for most people to spot the opportunity but you can be sure that it exists, hidden from plain sight, just waiting to be exploited by the right person.

In fact, the ancient Greek word ‘crisis‘ also translates into ‘opportunity’. 

We saw this in the Irish property market back in 2011/2012, when foreign funds and investors started to buy up chunks of undeveloped land nationwide or entire blocks of unfinished apartments.  Our crisis opened up an opportunity for cash-rich investors who were willing to take a risk that things would improve which, of course, they did – eventually.

So, looking at the marketplace today, savvy investors will no doubt be trying to spot the hidden opportunities in our most recent crisis – our private rental sector.  Earlier this week, on foot of the latest Daft.ie report on the sector, news headlines screamed that we now have fewer available rental properties in Ireland than ever before in recorded history.  And this is not just a Dublin problem, this is happening right across the country.  Here in the South East, quality rentals, particularly houses, are at an all-time low. 

We know that the answer is to build more houses and apartments, we know that developers are trying to do just that, but here is the situation – even if developers’ funding and planning permissions are in place, it is still going to take 18 to 24 months to see any significant delivery.  In reality, it is probably going to be three to four years or more before we see completed developments released to the market in South Wicklow and North Wexford in any real scale.  This means that we are not likely to see much relief to the rental market crisis for some time yet.

If this crisis is set to continue, and it certainly looks that way for the moment, then we need investors looking to the opportunities hidden within the crisis.  We need private landlords back in the market, despite them being hit with burdensome taxes and compliance issues, we need more accommodation right now than the State can reasonably provide. 

One positive step forward is the reclamation of mortgage interest paid by landlords as a legitimate expense – this is happening slowly over successive annual budgets but at least it is happening.

While increased taxes, reduced tax reliefs, onerous RTB and legislation compliance – not to mention rising property prices and low available stock – all make one-off residential investment much less attractive than it might have been a decade ago, we know that rental returns are exceptionally strong at the moment is this is set to continue for the next few years.

Here at Kinsella Estates, we understand that investor finance is more difficult to come by and certainly, margins are much tighter than ever before; however, we also know that affordable houses and apartments can yield annual returns of up to 10%.  For a cash investor, we know that this makes sense.

At the moment we are listing a few of the last remaining homes in County Wicklow for under €100,000.  While some need some upgrading work, others are ready-to-go, high-yielding  investments. 

For example, one of our superb houses in South Wickow, 25 Coollattin Road, Carnew offers unbelievable value at €99,000 for a spacious, four-bedroom house and garden within walking distance of the town, local school and shops.

25 Coollattin Road, Carnew, County Wicklow:

If you are considering selling in the South Wicklow and North Wexford areas, call into one of our offices (located in Carnew and Gorey) and chat to any of our expert team or you can contact us online at kinsellaestates.ie.  We are happy to facilitate overseas buyers and sellers via Skype or similar, outside of regular office hours.

 Alternatively, email me directly on michael@kinsellaestates.ie or telephone : +353 53 94 21718       

The Irish Times ran a series of articles recently about returning emigrants trying to buy property in Ireland.  It was targeting those recently returned and those who are planning to return over the next few years.

We know from local experience here in counties Wicklow and Wexford that the most recent wave or generation of emigrants (circa. 2008 to 2013) are already starting to return to Irish shores, having amassed experience and savings during their time abroad.  For the overwhelming majority of people, returning to Ireland is inevitable.  Speaking with people is this position, they usually want to return home around the time they are ready to start a family, or if they already have children, they tend to plan their return around important milestones like starting school or secondary school.

Certainly, they are returning to a healthier economy and jobs market, but there can be no doubt that the everyday property market is much more difficult for buyers and renters now than when they left.

While some return to the market as cash buyers (including first-time buyers), most need to get some portion of finance.  If you think it is difficult to deal with the appointments, application forms, receipts and scattered paperwork of applying for a mortgage, just imagine the difficulties trying to do this from outside of Ireland!  While banking has moved online, property is still relatively old-school and initial sit-down meetings with a financial advisor or in-branch mortgage manager is still the start of the mortgage application process.  That is not to say arranging a mortgage, or approval in principle (AIP) from abroad is impossible, however, the reality is that it is more complicated.

Mortgage applicants in this position are not treated like ordinary, local homebuyers, nor are they treated like residential investors (which is only appropriate); essentially they are the modern hybrid buyer.  They are unlikely to secure 90% mortgages, on the other hand, most do not need 90% LTV.

Remote buyers can expect to access approximately 50% but rarely in excess of 70% LTV. One unfortunate aspect here is that property prices are increasing at a faster rate than would-be buyers can grow their savings.

Also, it must be pointed out that overseas residents are not eligible for the help-to-buy scheme for first-time buyers purchasing a newly built home (although news reports this week suggest that this scheme might be axed shortly as it drove up property prices rather than stimulated new supply – on this not, if you are based in the South East and eligible for the scheme please do contact us here at Kinsella Estates to get a list of our new homes, just 45 minutes from South Dublin).

One area of confusion is the new EU directive that restricts foreign lending.  This has made it more difficult for mortgage applicants outside the euro zone or not earning income in euro, notable exceptions are made for expats in the UK, Australia and Canada.  Ulster Bank, AIB and Bank of Ireland are the main banks lending to returning expats, with Permanent TSB opting for euro zone customers only.

Overseas buyers who are able to access funding should expect to pay interest rates as high as 4.95%, which is considerably higher than the 2.9% rate enjoyed by most first-time buyers already living here.

For many, it might seem foolish to go through the effort of trying to find the right property and then to organise a mortgage while overseas; however, returning home usually means starting a new job, which effectively resets the mortgage counter and you might find yourself waiting a further 12 months before your applicant will be considered. 12 months is a long time in the overheated rental market right now.

Over the past few years, the team here at Kinsella Estates have been working with returning buyers; putting them in touch with mortgage brokers and lenders, helping them to understand the changed market locally and walking them through the purchase process.  We understand the challenges and always work to accommodate such buyers through virtual house viewings, out-of-hours Skype calls or whatever is needed.  If you are in this position, please do talk to us.

For specific queries or to speak with a local property expert about your buying and selling needs in Wexford, Wicklow and surrounding areas, contact Michael, Alan or Eileen Kinsella at kinsellaestates.ie . 

Email me directly on michael@kinsellaestates.ie or telephone : +353 53 94 21718                 

Don’t you just love when summer arrives right at the moment it’s due?

It’s certainly a rarity in Ireland – although here in Ireland’s sunny South East we can boast the most hours of sunshine per year compared with any other part of the country.  That is probably why sales transactions soar in summertime.  In fact, in last weekend’s Sunday Business Post newspaper, a report on commuter counties placed both Wicklow and Wexford high on the list of buyers’ destinations, with recorded increases of 17% and 13% respectively.  Carlow, Kilkenny and Waterford have all seen reductions in demand over the last 12 months.  This makes for an interesting time in South Wicklow and Wexford county right now as demand increases by supply has yet to catch up.  House-hunters, especially those looking for family homes will need to widen their search areas/criteria and be prepared to engage in competitive bidding.

The real opportunity exists for sellers of second-hand homes and those thinking about bringing a residential property to the market over the next few weeks and months.

For existing sellers who are waiting for the right buyer to come along, it might be worth going through the tips below and freshening up their homes and perhaps update the property listing and photos online.

Tips for summertime property sellers:

1. The notion of ‘kerb appeal’ is a cliché but that doesn’t make it any less relevant. The initial impression that your home creates as a potential buyer pulls up is difficult to change so it’s important that the impression is the best one possible.   This applies to the photos that appear online also.  They should be clear, bright and clear of clutter.

2. As a rural estate agency, we understand the importance of giving good, clear directions to your home. Eircode has not been hugely successful but marking properties on a digital map makes it easy for house-hunters to use GPS when arriving for a first viewing. That’s our job.  As the seller, it’s your job to ensure that if your property has a house name or number, that it is clearly marked.  If would-be buyers get lost trying to find your property, by the time they arrive, late, they will be too stressed and frustrated to fully appreciate the presentation of your home.

3. The front door should be thoroughly cleaned or freshly painted and clear of dust and cobwebs. Choose the colour well, be sure to reflect the tone of your home for example, yellow for youthfulness, blue for calm and red for a warm welcome!  If possible, the entire front of the house should be freshened up but we understand that this is not always possible.

4. Following on from the point above, if resources are limited, allocate them wisely; concentrate on the areas that will have the most impact. For example, wash the windows and scrub or repaint window frames.

5. Tidy the front garden, sweep pathways, trim hedges and pull weeds. If flowers are not an option, invest in a few well thought out planters to add colour and to create an abundant feel.  Put wheelie bins away, out of sight if possible.

6. Treat your entrance like a room of its own with a good design, clutter-free, and with some light furnishing or focal piece – like a hall table with flowers (and nothing else!).

7. Once inside, continue the fresh, clutter-free theme and remove unnecessary, bulky furnishings. In fact, this might be the right time to start preparing for your impending move.

Here at Kinsella Estates, we offer a free sales appraisal and with this, we offer key suggestions about how to best present your property to suit the type of buyer your home is likely to attract.  Contact us directly to discuss your home and to arrange an appraisal.

For specific queries or to speak with a local property expert about your buying and selling needs in Wexford, Wicklow and surrounding areas, contact Michael, Alan or Eileen Kinsella at kinsellaestates.ie . 

Email me directly on michael@kinsellaestates.ie or telephone : +353 53 94 21718