Builders slash Galway house prices in half

Date Published: 21-Sep-2011

One of the biggest construction companies in Galway has slashed up to €185,000 from its ‘boom time’ house prices for a special one-day sale this weekend, to offload unsold stock.

The ‘half-price’ sale – which will see three-beds in the city selling for €215,000 – will herald a temporary halt in construction for the company until late next year.

“What we have for sale was ‘specced’ during the boom. We can’t continue to build at that high spec, we’d be losing money,” a spokesperson for O’Malley Construction told the Connacht Tribune.

Since the sale was announced, booking deposits were taken on three properties, and the builders have reported strong viewing levels – on Tuesday alone, there were 10 appointments.

The company has cut prices by up to 45% in its Boireann Bheag and Réileán developments in Roscam on the east side of the city and at Leargán in Knocknacarra on the western side.

During the day-long sale this Saturday, 1,400 square foot four-bed semis in Réileán will be selling for €235,000 (down from €420,000); with 1,600 sq.ft units at €€245,000.

See full story in this week’s Connacht Tribune.