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House prices down in Clare

Property prices outside Dublin registered their first quarterly increase since 2007 but not in Clare, which experienced the biggest fall in asking prices in Munster in the past year. ACCORDING to the latest Daft.ie House Price Report, the average asking price for properties outside of Dublin increased during the first three months of the year; the first quarterly rise since mid-2007 according to the report. Nationally, the average asking price is now €177,000, up 3.5% from the same time last year and down 53% from the peak. In Clare, however, prices in early 2014 were 9% lower than the same time in 2013, compared to a fall the previous year of 12%. The average house price here is now €130,000, 58% below peak levels. The latest figures show that the greatest fall year-on-year in asking prices here is in the one-bedroom apartment category which has fallen to €44,000, a drop of nearly 19%. The prices asked for five-bed detached homes …

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