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Average rent for new tenancy in Kerry at end of 2022 was over €1,000

Aug 22, 2023 08:05 By radiokerrynews
Average rent for new tenancy in Kerry at end of 2022 was over €1,000
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The average rent for a new tenancy in Kerry in the fourth quarter of last year was over €1000.

That’s according to figures in the GeoDirectory Residential Buildings Report.

The report shows that average property price in the Killarney area was the highest in the county.

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The report shows that the standardised average rent for a new tenancy in Q4 last year was €1058.

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The median price of an existing property in Kerry was €220,000, while average monthly mortgage repayments for an existing property was €917. ( Monthly mortgage repayment calculation assumes a 30-year term with a 3.75% mortgage interest rate. )

According to the figures, the average price for a new house in the county for the period was €260,000, while the average monthly mortgage repayments for a new property was just below €1,100 (€1,084).

Properties in the V93 – Killarney – Eircode, were the most expensive in Kerry, at over €297,000 (€297,368).

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The average property price in the V92 – Tralee – Eircode was just below €240,000 (€238,398); a property in the V23 (Cahersiveen) area cost slightly over €232,000 (€232,955).

The V31 (Listowel) Eircode was the least expensive on average in the county, at just under €210,000 (€209,655)

 

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