The Clare Champion Clare news, sport, entertainment and local notes
Last year was the best year for house price growth in seven years and 2015 will see further price increases, although at more modest levels, according to the latest house price survey from MyHome.ie. According to the report, the price of four bed semis in Clare rose by 4.3% in the last quarter to €138,000. This brings the annual rate of growth to 6.4%. However, the price of three bed semis fell by 4.1% to €105,000. This means that the percentage fall from the peak of the market is almost 61%, which is the biggest decline for this house type in Munster. Caroline Kelleher, DKM Economic Consultants, said that while there was strong price growth in 2014 – the national mix adjusted asking price rose by 2.6% to stand at €194,000 – and strong transaction activity, uncertainty over a number of new developments in the market are likely to dampen the rate of price increase in the coming year. “The …
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