'Severe shortage of stock' affecting housing market in Tipperary's largest town
'There has been no new development in Clonmel,' says estate agent
“A severe shortage of stock, especially three-bed semi detached homes,” is affecting the housing market in Clonmel, according to a local estate estate agent.
“There has been no new development in Clonmel,” John Stokes, REA Stokes and Quirke Clonmel also stated.
He made his comments after it emerged that average prices for three-bed semi-detached houses in the town rose by 12.3 percent in 2023 to €247,000.
The price of the average second hand, three-bed semi-detached house in county Tipperary is predicted to increase by five percent in 2024, according to a national survey by Real Estate Alliance (REA).
Three-bed semi-detached homes in the county now cost an average of €234,875, up 10 percent on the December 2022 average of €213,750, the quarter four REA Average House Price Index shows.
County agents reported that first-time buyers made up 83 percent of the market in quarter four, with 15 percent of sales coming from outside the county, and 23 percent of sales attributed to landlords selling properties.