Property Focus: One in five Ballincollig homes are going 20% above asking

Auctioneers cite the lack of new development in the town as being a key issue

The Property Price Register shows 92 sales in Ballincollig so far this year.

High demand coupled with low supply has pushed prices at the top end of the Ballincollig market to a record level.

The €865,000 paid for a four-bed house at No 46 Fernwalk in Greenfields at the start of the year was the highest purchase price for a Ballincollig property since the boom. Since then, No 1 Limeworth, a property with a guide of €875,000 — has recently gone sale agreed, so that figure might now be even higher.