Tag Archives: new houses

AN application is to be made to Clare County Council for planning permission to build 148 houses at a prime location, adjacent to the Beechpark roundabout on the Ennis inner relief road and in close proximity to Ennis Golf Club. In a notice published in this week’s Clare Champion, Abadair Investments Limited has signalled its intention to seek planning permission for 148 residential units, (60 detached houses, 82 semi-detached houses, six terrace houses) and ancillary surface car parking, as well as a crèche, ancillary outdoor play area, staff car parking and a drop-off zone. This is a massive boost for the building trade and housing market in Ennis. Over the past while, many local auctioneers have spoken of the frustration experienced by clients, who have been unable to buy new houses. The expansive elevated site earmarked for development is behind a number of existing houses on Circular Road (R474), a 10-minute walk to the town centre and just a stone’s …

While there was an overall 16% in the Irish residential property market in 2014, a prediction of what lies ahead is difficult, according to Marian Finnegan, chief economist with Sherry FitzGerald. “2015 is certainly a more challenging year to predict for many reasons, in particular the recent intervention by the Central Bank, in which the bank seeks to minimise the risk of another credit-driven property bubble by limiting loan to value and loan to income ratios. As this is a proposal rather than a definitive policy it is difficult to factor in what impact it will have on demand in 2015,” she said. Ms Finnegan noted that demand is recovering gradually, reflecting the uplift in consumer sentiment and economic growth. “Supply remains significantly constrained. As such there is every reason to believe that prices will continue to rise at above trend levels in the short term in many locations. This will be particularly evident in the urban centres where supply …