Rapidly Rising Interest Rates Quelling Clare's Housing Prices

It's claimed rapidly rising interest rates are leading to a marked decrease in Clare's Housing Prices. Daft.ie's latest quarterly property price report which has been published today shows that the average price of a home in the county now stands at €234,000. The figure marks a 3% annual drop, the highest reduction rate recorded nationwide. However, Clare was among the counties to record a 14% increase across its property portfolio at the same juncture of 2022, with the latest report coming just ten days after the European Central Bank's latest interest rate hike. Economist & Report Author, Ronan Lyons has been telling Clare FM's Daragh Dolan that a softening in demand rather than an increase in supply is causing asking prices in Clare to naturally level off.