Clare has a higher percent of residential vacancy than national average
CLARE was higher than average for residential vacancy this June, a new report has found.
The rate in Clare was 5.6% in June which was higher than the national average of 3.9%.
The report, conducted by GeoDirectory, found that additionally, 398 new residential address points were added to the database in Clare in twelve months.
The average residential property price in Clare was €251,455, lower than the national average of €366,291.
Commenting on the findings of the Q2 2023 Residential Buildings Report, Dara Keogh, Chief Executive of GeoDirectory, said: “While the latest report highlights a decrease in the number of new address points recorded in the last year, we have seen increased utilisation of the housing stock and an increase in the pipeline of new housing stock under construction.
“As a result, supply in the housing market remains tight, and demand is high, which has forced the national vacancy rate below 4.0% for the first time since GeoDirectory has started tracking residential vacancy rates.”
There were a total of 1,065 residential property transactions in Clare in the twelve months and 6.9% of these were new builds.
GeoDirectory was jointly established by An Post and Ordnance Survey Ireland (OSi) to create and manage Ireland’s only complete database of commercial and residential buildings.