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Tag Archives: property

Research shows massive hike in Clare resort property prices

Pandemic’s effect on coastal property market evident with prices in one popular town climbing 39% since last year NEW research from Daft.ie shows the asking prices for properties in Lahinch has increased by some 39% since the start of the pandemic. Searches on the website for Lahinch properties have gone up by 49%, according to research conducted by Dr Tom Gillespie, an Environmental Economist at NUI Galway, who himself moved to the north Clare village just before the pandemic. The figures for Lahinch are included in the Daft.ie Coastal Report for 2021, which found that the prices sought for coastal properties in a number of selected areas around the country is up by an average of 23% compared to those sought prior to the pandemic. The average increase for the country as a whole is just 8.7% in the same period. In his report, Dr Gillespie stated that the increase in achieved prices is likely to be greater than those …

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Locals getting squeezed out in North Clare property boom

WITH remote working having changed the property market, the coastal area around Lahinch is seeing a property boom despite the pandemic, with a huge increase in the number of people looking to move to the North Clare area. While it is very good news for those trying to sell property in the area, the strength of the market is seeing landlords sell up, and with a deficit in the stock of property for long-term rental, some people are being forced to leave the area entirely. One local property went on sale for €295,000 recently, but ended up selling for €420,000, illustrating how strong the local market is right now. Ennistymon auctioneer Peri Griffin said that the current market is reminiscent of the Celtic Tiger years. “At the moment supply is low and demand is high. We don’t have a house for everyone, we could have 20 or 30 people after one house and that’s driving prices through the roof.” She …

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Clare property prices still going up despite pandemic, report indicates

THE prices being sought for houses around the Banner were 2% higher in the first three months of 2021 than they were during the first quarter of 2020 according to the latest Daft.ie report. The average asking price of a house in Clare is now €191,000, 60% higher than at the lowest point of the market. Across the country, the average price of a home is now €233,000, up 63% on the worst depths of the crash. In Clare, prices in the first three months of 2021 were 2% higher than a year previously, compared to a fall of 2% seen a year ago. The average price of a home is now €191,000, 60% above its lowest point. During the first quarter of the year the average amount sought for a one bed apartment was €79,000, while it was €94,5000 for a two bedroom terraced house and €129,000 for a three bed semi detached house. The average price sought for …

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Clare house prices stable, but low volume of transactions

THE number of houses being bought and sold in Clare has been lower since the pandemic struck, but prices appear to be fairly stable. Covid-19 became a part of life during March, but sales held up in that month, with 111 transactions filed in Clare, compared to 110 filed in March of the previous year. However, in April the figure was at 81 compared to 102 in April of 2019. In May, the figure was down to 63, compared to 91 in April of 2019. The June figure was 82, down from 110 in the sme month last year, while in July it was 83, compared to 119 in July 2019. While the volume of sales may have dropped, the mean and median prices don’t seem to have been impacted on very much, being relatively stable according to the figures, which are provided by the CSO. The most recent month for which statistics are available is July and at that …

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€161k for average Shannon house

MORE than €6.1 million was spent on residential properties in Shannon within the first six months of the year. Figures from the Irish Property Price Register show that there were 38 sales between January and June within the town, with a total of €6,132,803.29 being spent. This means that the average price paid in Clare’s second-largest town was €161,389.56. The most expensive property was 29 Tullyglass Crescent, for which a sum of €295,000 was paid. This deal was finalised on January 22. Thirteen of the transactions were for more than €200,000 but there was also plenty of more affordable accommodation in the town. Just €59,100 was paid for number 29 Rossbracken but it is understood that in this instance, full market value was not paid. There was a sum of €60,000 paid for number 81 Bru na Sionna, while in all there were six transactions where the property value was less than €100,000. At the moment, there are 44 units …

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Average house price in Clare approaches €200k

THE average price sought for a house in Clare is now approaching €200,000. That’s one of the findings of the latest Daft.ie house price report, which analyses trends in the Irish residential sales market in the second quarter of the year. It found that the average asking price for Clare is €196,817, up 11.5 % on the second quarter of 2018. The average was up 3.1% compared to the first quarter of 2019, and the increase from the trough of the recession is 64.6%. There were 136 transactions involving new homes, a reduction of 13% year on year. The asking price for an average one-bed apartment in Clare was €84,000 during the quarter, while for a two-bedroom terraced house it was €99,000. Three-bedroom semi-detached houses had an average asking price of €132,000, while the average for four-bed bungalows was €270,000. For five-bed detached houses it was €284,000. Writing in the Daft.ie report, economist Ronan Lyons found there is still little …

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Plans for 68 Ennis houses

PLANNING permission is being sought for 68 houses at Roslevan, just off the Tulla Road in Ennis. The application has been made by Datcha Construction, a Ballynacally-based company, which lists John and Anne Kelly as its directors. A document submitted with the application states, “A proposed planning application is tobe made for 68 dwellings to add to the existing Cluain Ros Leamhan estate in Roslevan, Ennis, Clare”. It also adds, “The site is located approximately 3km from the Ennis town centre to the north of Tulla Road (R352). The site is accessed via the Cluain Ros Leahmain Road, which connects to the Tulla Road at the roundabout south of the site. The development is the northern part of the existing Cluain Ros Leamhain housing estate. To the south of this is the Avenue United Football Club and the Grove Bar and Restaurant. To the east of the site is the Sean Dun housing estate. Finally, on the northern and western …

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Clare’s construction sector on the rise, slowly but surely

WITH predictions that the Irish construction industry will increase in size by a massive 20% in 2019, the once moribund sector has shown signs of life around the Banner, although there is some frustration that the progress isn’t as quick in Clare as around the major urban centres. Enda Galvin of Galvin Construction said he does expect the industry to improve significantly in the coming months. “I’d imagine so, it kind of has already for ourselves but you’d hope it would for everyone.” A tiny number of housing estates have been finished in the county over the last 10 years but his company is currently working on a new one. “We launched in Crusheen before Christmas and we had fairly good sales, off plans. About half of our first phase is gone off the plans. We’re hoping that by the middle or end of February we’ll have the first phase sold out, so it’s not bad now.” There are 12 …

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