There’s been a steady increase in house prices across Galway compared to this time last year.
That’s according to the latest figures from property website Daft.ie.
The average home in the city is now 273 thousand euro – an increase of 3 percent compared to Q1 2017. In the same study this time last year, Galway City saw year on year price increases of 16.3% compared to Q1 2016.
It’s also a very significant increase of 70 percent above the lowest point recorded in recent years for city properties.
Meanwhile, the average house price in the county now stands at 194 thousand euro – 11 percent higher than last year and 53 percent higher than it’s lowest point.
Nationally, the average cost of a home is now over 7 percent higher than it was one year ago.
Property prices are continuing to increase albeit at a more steady rate. This will likely continue until supply increases significantly.