This article is from page 10 of the 2014-01-28 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 10 JPG
CLARE property prices have been hit harder than prices in any other county in Munster with the average asking price for a house in the county now 58.6 per cent below what they were at the height of the Celtic Tiger in 2007.
The prospect of a short-term recovery in the Clare property market also looks remote, as the rate at which the asking prices for Clare properties is also the highest in Munster.
According to new figures obtained from property sales website, Daft. ie, the average year-on-year asking price for a Clare stood at € 128,175, an 11 per cent on 2012 and a drop of almost 60 per cent when compared to the 2006 prices.
One-bedroom apartments in Clare was the worst performing category of any property type in the entire country last year with the average asking dropping to € 45,000, an 18.6 per cent drop on the 2012 average.
Indeed, each section of the property market in Clare recorded a significant drop in average asking prices in 2013. The average price of a two-bedroom terraced in the county now stands at € 57,000 – a 16.1 per cent drop on the previous years prices.
The were similar decreases recorded for three-bedroom semi- detached houses which recorded an 11.1 per cent decrease is asking prices in 2013 and now have an average asking price of € 86,000.
The average price of a detached, five-bedroom house was € 189,000 last year, representing a drop of 15.7 per cent since peak.
The best performing category of house in the county were four-bedroom bungalows, with an average price of € 175,000 representing a drop of just 8.7 per cent last year.