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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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Average house price in Clare approaches €200k

THE average price sought for a house in Clare is now approaching €200,000. That’s one of the findings of the latest Daft.ie house price report, which analyses trends in the Irish residential sales market in the second quarter of the year. It found that the average asking price for Clare is €196,817, up 11.5 % on the second quarter of 2018. The average was up 3.1% compared to the first quarter of 2019, and the increase from the trough of the recession is 64.6%. There were 136 transactions involving new homes, a reduction of 13% year on year. The asking price for an average one-bed apartment in Clare was €84,000 during the quarter, while for a two-bedroom terraced house it was €99,000. Three-bedroom semi-detached houses had an average asking price of €132,000, while the average for four-bed bungalows was €270,000. For five-bed detached houses it was €284,000. Writing in the Daft.ie report, economist Ronan Lyons found there is still little …

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Plans for 68 Ennis houses

PLANNING permission is being sought for 68 houses at Roslevan, just off the Tulla Road in Ennis. The application has been made by Datcha Construction, a Ballynacally-based company, which lists John and Anne Kelly as its directors. A document submitted with the application states, “A proposed planning application is tobe made for 68 dwellings to add to the existing Cluain Ros Leamhan estate in Roslevan, Ennis, Clare”. It also adds, “The site is located approximately 3km from the Ennis town centre to the north of Tulla Road (R352). The site is accessed via the Cluain Ros Leahmain Road, which connects to the Tulla Road at the roundabout south of the site. The development is the northern part of the existing Cluain Ros Leamhain housing estate. To the south of this is the Avenue United Football Club and the Grove Bar and Restaurant. To the east of the site is the Sean Dun housing estate. Finally, on the northern and western …

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Clare’s construction sector on the rise, slowly but surely

WITH predictions that the Irish construction industry will increase in size by a massive 20% in 2019, the once moribund sector has shown signs of life around the Banner, although there is some frustration that the progress isn’t as quick in Clare as around the major urban centres. Enda Galvin of Galvin Construction said he does expect the industry to improve significantly in the coming months. “I’d imagine so, it kind of has already for ourselves but you’d hope it would for everyone.” A tiny number of housing estates have been finished in the county over the last 10 years but his company is currently working on a new one. “We launched in Crusheen before Christmas and we had fairly good sales, off plans. About half of our first phase is gone off the plans. We’re hoping that by the middle or end of February we’ll have the first phase sold out, so it’s not bad now.” There are 12 …

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50% rent increase demanded of pensioners

THE unpredictability faced by people in private rented accommodation has been illustrated by the case of an Ennis couple who were told the rent for their apartment would be increasing by an incredible 50%. Pensioners Hilari Hinnant and Greg Miller rent a one-bedroom apartment at Parnell Street and on July 11 they received a letter from a representative of their landlord, informing them the rent would be going up from €400 to €600 a month. In certain parts of the country, designated rent pressure zones, prices may only rise by a maximum of 4% per annum, but no part of Clare is included, meaning tenants here can see prices rise by any amount. The letter to the couple informing them of the rent increase stated “the new rent is not greater than the market rent, having regard to the other terms of the tenancy, and letting values of dwellings of a similar size, type and character to the dwelling that …

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Clare residential property prices on the rise

Property prices in Clare have risen by almost €5,000 in the first three months of the year. The latest MyHome.ie Property Report, in association with Davy, for Q1 2018 shows that the median asking price for a property in the county now stands at €175,000. This is up €5,000 or 2.9% on the level it was at, at the end of 2017. Year-on-year prices are also up by the same amount leaving asking prices back at a level they were last at in Q3 2012. Despite the increases, the asking price of a three-bed semi-detached house in the county fell slightly by 0.03% in the first quarter of this year to €149,950. Despite this minor fall, prices remain 5.2% ahead of where they were a year ago when the asking price for a three-bed semi in the county was €142,500. While the asking price of three beds remained almost unchanged, the price of four-bed semi-detached homes in Clare continued to …

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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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Rents rise 10.8% in Clare

While rents rose nationwide by an average of 11.7% in the year to September 2016, in Clare rents increased by 10.8%, according to the latest quarterly Rental Report by Ireland’s No.1 Property Website Daft.ie. This is the largest annual increase in rents ever recorded in the Daft.ie Report, which extends back to 2002. In Clare, rents were on average 10.8% higher in the third quarter of 2016 than a year previously. The average advertised rent is now €655, up 24% from their lowest point. In Dublin, the annual rate of inflation in rents, in the year to September 2016, was 12.1%, its highest late since late 2014. Rents in the capital are now 9.3% higher than their previous peak in early 2008. In Cork, rents rose by 14.4% in the year to September, a slight easing of inflation compared to earlier in the year. Rents in Galway are 10.9% higher than a year previously, while rents in Limerick have risen …

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