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Tag Archives: Liam Browne

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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‘Severe’ lack of supply in housing

The price of the average three-bed semi in Co Clare has risen 3.1% to €165,500 in the last three months, according to a national survey carried out by Real Estate Alliance. The REA Average House Price Survey concentrates on the actual sale price of Ireland’s typical stock home, the three-bed semi, giving an up-to-date picture of the property market in towns and cities countrywide for the first three months of the year. “The lack of supply is severe,” said Liam Browne from REA Paddy Browne in Ennis. “There is high demand from owner-occupiers and investors in the town centre, which will hopefully lead to new developments both in the short and long term.” Property prices in the county have risen by 13.8% in the past year, the survey has found.The average semi-detached house nationally now costs €209,944, the Q1 REA Average House Price Survey has found – a rise of 3.5% on the Q4 2016 figure of €202,926. Overall, the …

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Former Ennis school site sold

The Diocese of Killaloe is in for a windfall with confirmation that a key piece of development land in the heart of Ennis has been sold. The former site of Ennis National School on the Kilrush Road was put on the market by the St Flannan’s (Killaloe) Diocesan Trust, with an advised minimum value of €1.2 million. The land is seen as a strategic site in the future development of the county capital. Auctioneer Liam Browne of REA Paddy Browne and Co told The Clare Champion that the St Flannan’s (Killaloe) Diocesan Trust are happy with the price achieved for the site. He said that, once developed, the site would enhance the town centre. However, he said he was unable to disclose the amount paid for the property or who the purchaser is. Mr Browne said, “It would be premature to give the name of the purchaser at this stage, until the sale is formally closed. I wish the new …

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Clare house prices on the up

THE price of the average three-bedroom semi-detached house in Clare has increased by 3.57% to €145,000 in the first three months of 2016, a nationwide property survey has found. The Real Estate Alliance Average House Price Survey concentrates on the sale price of Ireland’s typical stock home, the three-bed semi, giving an up-to-date picture of the property market in towns and cities countrywide to the end of quarter one this week. The average house in Clare now takes five weeks to sell, down from six weeks in December. “There is strong demand in the Clare area but the main urban areas lack supply, which is having a positive impact on prices being achieved,” said Liam Browne from REA Paddy Browne in Ennis. The average three-bed semi nationally now costs €191,194, a rise of €2,824, or 1.5%, on Q4 2015. The average price of a three-bed semi in Dublin City and County has risen by 0.6% from €332,000 to €334,000 in …

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