Tag Archives: property market

While there was an overall 16% in the Irish residential property market in 2014, a prediction of what lies ahead is difficult, according to Marian Finnegan, chief economist with Sherry FitzGerald. “2015 is certainly a more challenging year to predict for many reasons, in particular the recent intervention by the Central Bank, in which the bank seeks to minimise the risk of another credit-driven property bubble by limiting loan to value and loan to income ratios. As this is a proposal rather than a definitive policy it is difficult to factor in what impact it will have on demand in 2015,” she said. Ms Finnegan noted that demand is recovering gradually, reflecting the uplift in consumer sentiment and economic growth. “Supply remains significantly constrained. As such there is every reason to believe that prices will continue to rise at above trend levels in the short term in many locations. This will be particularly evident in the urban centres where supply …

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 …

THERE were 51 sales of residential properties in Shannon last year, according to the Residential Property Price Register. According to figures, full market value was not paid for 20 of these, including a number of units at the affordable housing development in Glaise na Rinne. In total, just shy of €5million (€4,981,035.75) was spent on residential property in the town. The most expensive property was at An Rosan Óir, for which €320,000 was paid. This was 16 times more than the least expensive amount, which was €20,000 paid for a unit at Ryewood House, Ballycasey Court. Thirty-seven of the 63 properties were sold for less than €100,000. Four properties were sold in January, five in February, two in March, three in April, eight in May, four in June, six in July, three in August, none in September, six in October, two in November and eight in December.