Clare House Price Survey Jan 2021

The price of the average three-bed semi in County Clare is expected to rise by 3% in the next 12 months, according to a survey by Real Estate Alliance.

Three-bed semi-detached homes in the county cost an average of €180,000, a price that has remained unchanged since last year, the Q4 REA Average House Price Index shows.

Demand has also remained steady in last quarter with properties continuing to sell in six weeks.

“Prices have stayed constant in the urban areas with some minor increase in the rural areas,” said Liam Browne of REA Paddy Browne, Ennis.

“However, lack of supply could have an upward influence on house prices in the first six months of the year.”

The REA Average House Price Survey concentrates on the actual sale price of Ireland's typical stock home, the three-bed semi, giving an accurate picture of the second-hand property market in towns and cities countrywide.

Nationally, average house prices rose by almost 1.5% over the past three months in a market fuelled by a combination of record mortgage approvals and an unprecedented lack of supply, the Q4 REA Average House Price Index found.

The price of a three-bedroomed semi-detached house across the country rose by more than €3,000 over the past three months to €239,194 – an annual increase of 1.9%.

The biggest rises in Q4 came in Ireland’s secondary cities and the commuter counties – both of whom had experienced the least movement in prices over the preceding 18 months.

The price of a three-bedroomed semi-detached house in Dublin City rose by 0.6% to €431,833 during the past three months, an annual increase of 1.41%.

Cork, Limerick, Galway and Waterford cities shared a combined increase of 2.4% in the past 12 weeks with prices rising by €6,000 to an average of €262,500.

Commuter counties are now feeling the benefit of the migration towards space and home working potential, with three bed semis rising 2.2% by almost €6,000 on the Q3 figure to an average of €253,111.

Reflecting the flight to rural locations, prices in the rest of the country’s towns rose by 1.2% in 12 weeks to €165,397.