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Average rent in Clare rises to €900

County saw the second highest rent rise in country over 12-month period CLARE has seen the second highest increase in rents in Ireland over the past year. Average rents in the county now stand at almost €900, according to the Residential Tenancies Board, with a 16.1% increase in one year. Between the second quarter of 2020 and the second quarter of 2021, Clare had the second highest increase in Ireland. The standardised average rent in Clare is now €894.06, and while the growth in Clare has been very substantial and fast, the average price here is still lower than in 13 other counties. The RTB found that in the Shannon Municipal District the average rent is €967.08, while in the Ennis Municipal District it is €921.55. Figures for the county’s other Municipal Districts were not available. The RTB said the situation in the second quarter of the year was influenced by the Covid-19 situation at that time. “At present, economic …

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Banner house prices still rising

ACCORDING to the latest research from Daft.ie the mean price sought for a house in Clare during the third quarter of the year was €219,189, up by 17.5% on the same period last year. Separate research from MyHome.ie indicates that the median price sought in Clare was €240,000, with the county having seen what was described as “”by far the sharpest price rise in Munster”. The mean price (the measure used by Daft.ie) is the average, while the median (the measure used by MyHome.ie) is the number with half the properties valued above and half below this price. According to MyHome.ie the median price sought for a two bed apartment was €125,000, while the median price for a four bedroom semi detached house was €230,000. Daft.ie found that the average asking price for a two bed in Clare was €105,000, with a three bedroom semi detached being €153,000 and a four bed bungalow €289,000. Pressure on housing was one of …

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Property prices surge as supply issue reigns

Report shows average asking price for house in Clare now in excess of €210,000 HOUSE prices in Clare are rising at the quickest rate in years, new figures from Daft.ie show. In its report on the second quarter of the year, Daft.ie found that the average price sought for a house in Clare is now €210,676. That was up by 9.2% on the previous quarter and by 15.4% on the second quarter of 2020. House prices in Clare are now 76.2% higher than they were at the bottom of the market, near the beginning of the last decade. While the level of growth in prices in Clare is obviously very significant, it was below average for Munster in percentage terms, with asking prices across the province increasing by 18% year on year. Writing in the Daft.ie report, Professor Ronan Lyons of Trinity College stated that Covid resulted in an intensification of demand, and a decline in available supply as construction …

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Research shows massive hike in Clare resort property prices

Pandemic’s effect on coastal property market evident with prices in one popular town climbing 39% since last year NEW research from Daft.ie shows the asking prices for properties in Lahinch has increased by some 39% since the start of the pandemic. Searches on the website for Lahinch properties have gone up by 49%, according to research conducted by Dr Tom Gillespie, an Environmental Economist at NUI Galway, who himself moved to the north Clare village just before the pandemic. The figures for Lahinch are included in the Daft.ie Coastal Report for 2021, which found that the prices sought for coastal properties in a number of selected areas around the country is up by an average of 23% compared to those sought prior to the pandemic. The average increase for the country as a whole is just 8.7% in the same period. In his report, Dr Gillespie stated that the increase in achieved prices is likely to be greater than those …

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Locals getting squeezed out in North Clare property boom

WITH remote working having changed the property market, the coastal area around Lahinch is seeing a property boom despite the pandemic, with a huge increase in the number of people looking to move to the North Clare area. While it is very good news for those trying to sell property in the area, the strength of the market is seeing landlords sell up, and with a deficit in the stock of property for long-term rental, some people are being forced to leave the area entirely. One local property went on sale for €295,000 recently, but ended up selling for €420,000, illustrating how strong the local market is right now. Ennistymon auctioneer Peri Griffin said that the current market is reminiscent of the Celtic Tiger years. “At the moment supply is low and demand is high. We don’t have a house for everyone, we could have 20 or 30 people after one house and that’s driving prices through the roof.” She …

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Clare property prices still going up despite pandemic, report indicates

THE prices being sought for houses around the Banner were 2% higher in the first three months of 2021 than they were during the first quarter of 2020 according to the latest Daft.ie report. The average asking price of a house in Clare is now €191,000, 60% higher than at the lowest point of the market. Across the country, the average price of a home is now €233,000, up 63% on the worst depths of the crash. In Clare, prices in the first three months of 2021 were 2% higher than a year previously, compared to a fall of 2% seen a year ago. The average price of a home is now €191,000, 60% above its lowest point. During the first quarter of the year the average amount sought for a one bed apartment was €79,000, while it was €94,5000 for a two bedroom terraced house and €129,000 for a three bed semi detached house. The average price sought for …

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Clare house prices stable, but low volume of transactions

THE number of houses being bought and sold in Clare has been lower since the pandemic struck, but prices appear to be fairly stable. Covid-19 became a part of life during March, but sales held up in that month, with 111 transactions filed in Clare, compared to 110 filed in March of the previous year. However, in April the figure was at 81 compared to 102 in April of 2019. In May, the figure was down to 63, compared to 91 in April of 2019. The June figure was 82, down from 110 in the sme month last year, while in July it was 83, compared to 119 in July 2019. While the volume of sales may have dropped, the mean and median prices don’t seem to have been impacted on very much, being relatively stable according to the figures, which are provided by the CSO. The most recent month for which statistics are available is July and at that …

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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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