This article is from page 10 of the 2007-10-23 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 10 JPG
MORE than 11 per cent has been wiped off the value of four-bedroom homes in Clare since June, according to fresh data released this week.
According to results released by property website Daft.ie, the aver- age asking price for four-bedroom houses in the county has plummeted from €375,000 in the second quarter of 2007 to just €332,000 in July, Au- gust and September. The same survey revealed that the average asking price for two-bedroom houses in Clare has dropped from €231,000 to €221,000 while three-bedroom houses have dropped by €6,000 on average.
It was not all bad news for Clare home-owners this week, however, as a survey released by rival property website, MyHome.ie, revealed that
the asking prices for larger houses in the county (four-bedroom detached and larger) actually increased by more than half a percent.
‘These surveys can be misleading as they are based on asking prices and we all know that there can be a big change between asking prices and what people actually get,’ said Samantha Coote of Philip O’Reilly Property Partners in Ennis.
‘First-time buyers in Clare are see- ing so much conflicting information that a lot of them are sitting on the bench. They are so confused with the situation that they are sitting back and waiting to see what happens.
“The market is currently stagnant in Clare but as interest rates continue to stabilise, we would be expecting thing to pick up again from April or May of next year.”