€35m property spend in seven months

SOME €35.6 million has been spent on Clare property so far this year, according to the residential property price register.

On Tuesday, details of some 298 properties in the county had been posted for the year to date. The first sales registered were on January 2 and the most recent on August 1.
The total amount spent on properties was €35,662,370 and the average price per transaction was €119,672.

Far and away the most expensive transaction was at Tinerana House, Ogonnelloe, Killaloe, for which the price tag was €1,462,500. Another large transaction was at Derryvinna, Clonlara, where the price paid was €539,990, although this was not the full market price, according to the register.

Other notable transactions were €325,000 for Bay View House in Merton Square, Kilkee and €320,000 for a house in An Rosan Óir in Shannon.
However it’s clear from the register that the eye-watering prices of a few years ago have largely disappeared.

There are numerous properties that were sold for less than €100,000 and the overwhelming majority went for less than €200,000, a sum that wouldn’t have been seen as expensive for an average house in the heady days of 2006 and 2007.
The property price register was launched last year and includes information going back to the start of 2010. It contains details of the price that was paid for individual properties and has details of both cash sales and those with mortgages attached. The date of sale and the address, including the house number, of each property sold, is also provided.

Also this week, the latest index of the National Housing Construction Index compiled and issued by Link2Plands showed there were 134 applications for planning permission for houses in Clare in the first six months of the year.
This was down from 179 for the same period last year. This 25% drop was the fifth worst in the country.

The index also showed that there were 109 commencements in Clare, marginally down from 113 for the first six months of last year.

Danny O’Shea of Link2Plans said the weather seen in recent times might have an impact.
“It will be interesting to see if the dry weather experienced throughout June and July will see the next edition of the index register an increase in project commencements.”