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Drop in volume of sales of Clare properties

New figures show a further decline in Clare’s property market .

Statistics based on the Residential Property Price Register show the the volume of sales fell for the first half of this year but – the market for new homes remains stable.

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The analysis of property prices by the Irish Examiner contains details on the sale of all residential properties in Ireland in the first six months of 2013 and Clare was one of six counties to see a reduction.

Overall the number of units sold is down 5 percent on last year to 221- while the overall value of those properties fell by 13 percent to 27.6 million.

The new homes market remained stable – if not relatively small – – but if the figure is taken a median level then its a drop of 25 percent .

Activity in the second hand home sales fell by 9 percent – with the overall value down to over 24 million.

The highest price paid for a property in Clare in the first half of the year was Tinerana House in
Ogonnelloe and the lowest was 15 thousand for a property in Mullagh.

However it must be noted that while the register is used to gauge activity in the market it’s not intended to act as a house price index.
 

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