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Ballybay-Clones records lowest figure for property sales across the country

Nov 17, 2022 15:27 By News Northern Sound
Ballybay-Clones records lowest figure for property sales across the country
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Ballybay-Clones MD has recorded the lowest figure for property sales across the country.

Figures on property sales and incomes published by the Central Statistics Office show that the Pembroke local electoral area had the highest median price for joint transactions at €880,000, while Ballybay-Clones in Co Monaghan had the lowest at €127,000.

The CSO also published data on the age of purchasers, finding that Donaghmede in Dublin and Ballybay-Clones were the local electoral areas with the lowest median age for sole purchasers at 34, while Kilmuckridge in Wexford had the highest median age at 55.

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The highest number of transactions last year was in Howth and Malahide in Dublin at 830 followed by Laytown-Bettystown in Co Meath, meanwhile Ballybay-Clones in Monaghan had the lowest number of transactions at 60.

Speaking to Northern Sound, Gerry Coffey who is president of the Institute of Professional Auctioneers and Valuers said the report reveals that less people are moving to counties like Cavan and Monaghan.

According to the property expert, Mr Coffney revealed that while he could not give a definite answer as to why this is, issues around employment opportunities and property supply are likely reasons:

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