Now the question is, whatâs next?
Does the defeat of the short-term regulations mean the town will be mailing out cease-and-desist orders tomorrow to the 500-odd rental properties in Conway? The short answer is no.
Minutes after the results were announced, Selectman John Colbath said: âWe do not have the information to decide what to do next.â
Added Selectman Mary Carey Seavey: âI want to hear what town attorney Peter Malia has to say. If we are going to issue cease and desists, it has to be orderly.â
Colbath said he believes many people voted against the regulations because they thought within a month there would be properties for lower-income people to buy. âThe reality is thatâs not going to happen,â he said.
Leitrim house prices rise 3.2% in three months
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The price of the average second-hand three-bed semi in county Leitrim has increased by 3.2% to €129,000 in the last three months, according to a national survey by Real Estate Alliance.
Across the county, the average time taken to sell has reflected a national trend and fallen to five weeks from six since last June, the Q1 REA Average House Price Index shows.
Carrick-on-Shannon prices rose 1.9% to €163,000 this quarter, with time to sell remaining steady at three weeks.
“From November to now there has been significant activity, and we have shattered our sales records for that time period,” said Joe Brady of REA Brady, Carrick-on-Shannon.
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