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House prices fall 11%

LEADING property website daft.ie has found that asking prices for house prices in Clare fell by 11% between the last quarter of 2012 and the last quarter of 2013.
According to their figures the average house price in the Banner county fell to €128,175, down 59% from the peak of the bubble.
According to their figures, the average price for a one-bedroom apartment in this county is now just €45,000, while a two bed is €57,000. A three bedroom semi detached house is €83,000, while a four bed is €169,000. A five-bed semi detached house now has an average asking price of €189,000.
According to the Daft figures the price of apartments was hit hardest in 2013, with the one beds down y 18.6% and two beds down by 16.1%. Regarding houses, the five beds were down by 15.7%, four beds by 11.3% and three beds by 13.6%.
The Daft report showed a two speed property market, with Dublin seeing a growth of 11% in asking prices, but prices in the rest of the country kept falling in 2013, even in the other cities.
On average prices outside of the capital fell by six per cent last year, but this was actually the smallest annual decline in five years.
Clare’s neighbouring counties all saw falls in asking prices too, although few were as dramatic. In Co Galway the drop was 7.6%, while it was 4.2% in Galway City. Limerick City saw a 12.9% decline, but in the county it was 10.6%. Tipperary saw a drop of 8.4% and Kerry of 8.6%.

About Owen Ryan

Owen Ryan has been a journalist with the Clare Champion since 2007, having previously worked for a number of other regional titles in Limerick, Galway and Cork.

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