Tag Archives: house prices

HOUSE prices in Clare fell by 1.6% in the last three months of the year, according to Daft.ie. It found that while Clare house prices were still 5.7% higher at the end of 2022 compared to a year earlier, they had dropped by 1.6% in the final quarter of the year. The average house price sought in Clare on Daft.ie in the final quarter of last year was just over €234,000, almost twice the amount sought at the low point of the crash. In Clare the average price sought for a one bedroom apartment now stands at €99,000, 14% greater than at the end of 2021. At the other end of the spectrum the average price sought for a five bedroom detached house is €299,000, down 1% on the end of 2021. Writing in the Daft.ie report, economist Ronan Lyons said that supply and demand may be beginning to align. “During the 2010s a pattern emerged of what the academic …

JUST under €10 million was spent on residential property in Shannon town in the first six months of the year. According to figures from the Residential Property Price Register, there were 46 transactions during the first half of 2022, with a total spend of €9,978,750. That gives a mean price of €216,929. April was the quietest month of the year, with a mere four transactions, while there were nine in January and May and eight in each of the other three months. The largest sum paid was €560,000 for a house at Tullyglass Hill. The least costly transaction, for which full market price was still paid, was the sale of a property at Brú na Sionna for €90,000. The level of activity seems to be slightly higher than pre-pandemic, with the 46 transactions in the first half of 2022 slightly more than the 38 in the first half of 2019. Councillor Gerry Flynn said that there are finally some private …

SOME 40% of houses sold in County Clare in 2019 went to single purchasers, rather than joint purchasers, according to research published this week by the Central Statistics Office. The median price paid for a property in the Kilrush electoral area was €138,800, in the Killaloe area it was €175,000, in the Ennistymon area it was €180,000.  The highest prices were in the most urban parts of the county, with a median of €188,000 in the Shannon electoral area and €193,000 in the Ennis area. In the Ennistymon and Kilrush areas the median age of purchasers was 48 and 45 respectively. It was below 40 in the other three areas, at 39 in Killaloe and 38 in both the Shannon and Ennis electoral areas. For sole purchasers in the Ennistymon area the median income was €31,600, while in the Killaloe area it was €41,900. The equivalent figures for the Shannon, Ennis and Kilrush areas were €39,200, €36,600 and €30,900 respectively. …

It is cheaper to buy rather than rent a house in County Clare, a scenario that would still prevail if current interest rates increased by 2%. This is outlined in a review of the residential property market by PIBA, the country’s largest group of financial brokers. PIBA also said the Central Bank’s excessive lending restrictions, along with the shortage of suitable properties to buy are creating “a lost generation robbed of the opportunity to buy their own homes”. This is a legacy likely to follow them down through the years in terms of their financial status, Rachel McGover, chief operations officer at the organisation, added. PIPA, which represents 900 member firms throughout the country said, “This week’s Daft.ie rent report for Q2 2016 provides the latest evidence that in several locations across the country it is cheaper, in some cases considerably so, to buy a property than rent one. “In what should be startling evidence for policy makers and the …

THE average property price paid in Clare in the 12 months up to June 30 was €133,215, according to the latest GeoView report. This price is well below the €232,862 average for the Republic of Ireland as a whole. It is also well below the average of €168,078 for the counties, excluding Dublin. The GeoView report also shows that there were 1,061 transactions during the 12 months, representing slightly less than 2% of the total residential stock in Clare. Around 88 of the transactions were new dwellings. The report shows that the total stock of residential dwellings in the county increased by 0.5% over the course of the year. The overall vacancy rate in residential property in Clare last year was 19.9%, the seventh highest of the 26 counties in Ireland. GeoView shows that 3.5% of Clare’s residential stock consists of apartments. While this is well below the average of 9%, the average is distorted by Dublin, where the figure …

Ireland’s house prices were 16.3% higher in the last quarter of 2014 than in the last quarter of 2013, according to Eurostat estimates released today (Wednesday) This is the highest annual house price increase in the EU. The estimates also show that the rate at which Irish house prices increased over the year in 2014 was by far the fastest in the EU. However, the rate of increase slowed down as the year passed; from being up by 6.8% in Q2, then up by 6.2% in Q3, followed by a lower rate of increase of 3.8% for Q4. The year-on-year increase in Ireland is the largest among the EU Member States (for which data are available) for this period, and is followed by Malta (+11.0%), Sweden (+10.4%), Estonia (+10.1%) and the United Kingdom (+10.0%). The average house price increase in the EU for the same period was 2.6% in the EU, and 1.1% in the euro area. The largest falls …

The average value of residential property in Ireland rose by 1.7% in the first quarter of 2015, which compares to growth of 5.0% in the same period in 2014. Dublin house prices rose by a moderate 0.9% in the first quarter of the year, this compares to growth of 6.5% in the same period in 2014. Notably, when Dublin is excluded from the national figure, the quarterly growth figure was 2.8%. In comparison, residential property outside Dublin grew by 3.0% during the opening quarter of 2014. The regional centres outside Dublin experienced strong price growth during the opening three month period, most notably in Cork with price growth of 3.0% in the three months to end March. An analysis of the stock available for sale on the open market revealed there were 30,642 units advertised for sale in Ireland in January, which represents 1.6% of the private housing stock. This compares to 37,883 units in January 2014, a 19% reduction …

House prices in Ennis have begun to rise again after losing more than half their value over the past seven years and may be up by 20% this year. But the number of properties for sale are falling, as the supply of houses coming to the market contracts. “We’ve seen a significant change since the beginning of August. There was a change from March or April on but from August on – particularly in Ennis – quite a lot of housing supply was snapped up and the available stock has contracted significantly. Houses are selling but the supply is just not being replaced,” said Diarmuid McMahon of Sherry FitzGerald McMahon. “There are more people buying than selling and there’s no new supply. There has been nothing built in five or six years, and that’s starting to bite,” he said. Much of the impetus for rising prices comes from the rise in confidence in the economy this year; and also from …