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Clare’s €190m property bonanza

MORE than €190 million was spent on property in Clare during 2017, according to property price register figures. In all, a total of €192,553,535.10 changed hands, well over €3.5m per week. Most of the money was spent in the second half of 2017, when transactions of €108.7m took place. The total for the first quarter was €42,891,537.16, while it was marginally lower at €40,686,186.90 in the second quarter. In the third quarter it was substantially higher at €50,097,538.60 and rose higher again to €58,698,606.40 in the last three months of the year. In the year as a whole, there were 1,278 transactions, giving an average value of €150,667. The first two months of the year were relatively sluggish in comparison with what was to follow, with just over €12.5m spent in the month of January and €12.23m in February. The March figure was far higher at €18.1m. April saw combined values of €9.36m but in May, the equivalent figure was …

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Property market on the up in East Clare?

THE East Clare property market could be on the way back up with one local auctioneer recording more sales in the first half of this year than in the previous three-year period. John Tuohy of Brian Tuohy Auctioneering is currently seeking out properties and land to sell, due to demand following four property sales in Mountshannon in the last few weeks. Although he says it is a stretch to say there is “a boom” in the housing market in East Clare, he says there are half a dozen property prospectors waiting in the wings for the right opportunity to present itself in the region. “We have at least a half dozen people with money in hand looking for suitable properties,” he said. Half a dozen may sound small, he added, but to get six people who aren’t subject to finance and haven’t to sell a property in order to buy” is unusual”. The auctioneering company has a portfolio in East …

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