House prices have jumped by 15% on average across Clare in the past year, as a direct result of a shortage in supply during the Covid-19 pandemic.
Daft.ie’s latest house price report shows the cost of a three-bed semi has jumped by almost 19% to €143,000, with a 4-bed bungalow now setting people back €281,000, representing a rise of almost 27%.
Across Munster, listed house prices have increased by an average of 8.5% between March and June, the highest quarterly inflation since 2015, while nationally prices are up 13% on 2020 figures.
Construction ground to a halt during the pandemic, which meant the total number of properties available to buy across Munster stood at just over 3,600, down from 5,500 on the same day last year.
Author of the report and Economist at Trinity College Dublin, Ronan Lyons, says people moving away from cities to work from home has pushed up house prices in Clare.
