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€161k for average Shannon house

MORE than €6.1 million was spent on residential properties in Shannon within the first six months of the year. Figures from the Irish Property Price Register show that there were 38 sales between January and June within the town, with a total of €6,132,803.29 being spent. This means that the average price paid in Clare’s second-largest town was €161,389.56. The most expensive property was 29 Tullyglass Crescent, for which a sum of €295,000 was paid. This deal was finalised on January 22. Thirteen of the transactions were for more than €200,000 but there was also plenty of more affordable accommodation in the town. Just €59,100 was paid for number 29 Rossbracken but it is understood that in this instance, full market value was not paid. There was a sum of €60,000 paid for number 81 Bru na Sionna, while in all there were six transactions where the property value was less than €100,000. At the moment, there are 44 units …

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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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