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House prices in Clare up 14%

HOUSE prices in Clare in the last three months of 2021 were 14% higher than the previous year, latest figures have highlighted. This compares with a rise of 5% seen a year ago. The average price of a home in Clare is now almost €220,000, 84% above its lowest point. National housing prices rose by 7.7% on average during 2021, according to the latest Daft.ie Sales Report. The average price nationwide in the final quarter of 2021 was €290,998, up 0.6% on the third quarter of 2021 and just 21% below the Celtic Tiger peak. While 2020 saw similar rates of inflation across the Irish housing market, significant regional differences emerged during 2021. The smallest increases were in urban areas. In Galway city, prices rose by 1.6% during the year, while in Dublin, prices rose by 3.4%. In Cork city, prices rose by 5.5% while in Limerick and Waterford cities, the increases were 6.4% and 7.5% respectively. But outside the …

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Property market on the up in East Clare?

THE East Clare property market could be on the way back up with one local auctioneer recording more sales in the first half of this year than in the previous three-year period. John Tuohy of Brian Tuohy Auctioneering is currently seeking out properties and land to sell, due to demand following four property sales in Mountshannon in the last few weeks. Although he says it is a stretch to say there is “a boom” in the housing market in East Clare, he says there are half a dozen property prospectors waiting in the wings for the right opportunity to present itself in the region. “We have at least a half dozen people with money in hand looking for suitable properties,” he said. Half a dozen may sound small, he added, but to get six people who aren’t subject to finance and haven’t to sell a property in order to buy” is unusual”. The auctioneering company has a portfolio in East …

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