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Tag Archives: houses

Rents on the increase in Clare

Rents for residential property in Clare increased by 4.4% last year compared to 2013. However, with the average advertised rent at €566, there is overall decrease of 25% since the peak of the market, according to property website, Daft.ie. In Munster, rents rose by an average of 4.2% in the year to December 2014, compared to static rents a year previously. Year-on-year inflation in rents nationwide eased in the final three months of 2014, according to the latest quarterly rental report by Daft.ie. The national average rent between October and December was just under €950, that’s 9.7% higher than last year. However, this is down from a 10.8% annual increase in the second and third quarters and marks the first time since mid-2009 that rental inflation has eased. This national trend is being driven by a moderation in Dublin’s rental inflation, which has eased from 16.5% in April to below 10% by January. In the other city centres, rents continue …

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€71m spend on Clare property

JUST shy of €71 million was spent on residential property in Clare last year, an analysis of figures from the Residential Property Price Register shows, While the average price was €118,472.56, the majority of sales (310 of the 598) were for less than €100,000. The register shows that there were 598 transactions during the 12 months. The second half of the year was busier than the first, with 238 transactions in the first six months and 360 from July to December. July was by far the busiest month, with 89 sales. Interestingly, the end of the year also saw a spike in sales, with November (62 sales) and December (65 sales) the second and third busiest months of 2013. There was just one seven-figure purchase in the county last year, with €1,462,500 paid for Tinerana House, Ogonnolloe, Killaloe. This was more than 12 times the average price. Another 17 properties were sold for prices in excess of €300,000, meaning that …

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