Sales of properties in Kinsale rise 61%

House sales in the Cork region increased by 17.5% in the first nine months of this year — and house prices are up by over 10%.

However it is West Cork and the county, more than the city, that is driving this recovery — with the number of property transactions in Kinsale rising 61% and the value of these sales and purchases up by 116%.

In Cork City, the value of transactions was down 5%, possibly due to a shortage of stock, say auctioneers. However, they say cash investors are back buying property in the city centre.