Clare Auctioneer Says Rising Costs ‘Don’t Justify’ House Building In Some Parts Of The County

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A Clare auctioneer says the rising costs of building houses means constructing homes in some parts of this county can’t be justified.

It comes as new figures reveal the number of new buildings being worked on here has risen by two thirds in the past year.

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Construction work in Clare seems to have spiked since COVID-19 restrictions on the industry were lifted back in April.

437 buildings were reported to be under construction in June of this year in a new GeoView Residential Buildings Report – that’s an increase of over two thirds on the same period last year.

The number of new addresses in this county in the same timeframe was 636, which is a jump of three quarters compared to 2020.

One data expert behind the report believes these trends may point towards a trend of pandemic-inspired relocations to Clare.

CEO of Geodirectory, Dara Keogh, says while it’s too early to say for definite, COVID-19 may be behind the increased demand for property in this county.

The report also reveals that the average residential property price in Clare is now close to breaking the €200,000 mark.

Holiday homes make up 6.5% of the housing stock in this county – placing Clare as the 6th highest county in Ireland with such property.

A Sixmilebridge-based auctioneer believes the figures show rising costs of building means construction of homes can’t be justified in certain rural parts of Clare.

Niall Gilligan of Niall Gilligan Auctioneers says outside of Ennis’ environs, it’s becoming increasingly difficult for builders’ to make sufficient margins on houses.