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Experts predict sharp rise in Galway house prices
Galway Bay Fm Newsroom
Property market experts predict that house prices in Galway could see a sharp rise if the city experiences the same supply issues currently hitting the housing market in Dublin.
A national survey based on figures supplied by the website daft.ie showed that while Galway city house prices dropped by 4.2 per cent in the last quarter of 2013, compared to the same period in 2012, this was the lowest decrease in the West.
In Galway county the drop in house prices for the same period was 7.6 per cent which was marginally higher than the fall in house prices in Mayo of 7.5 per cent.
The house price survey was published in the Sunday Independent and property editor Mark Keenan predicts a sharp rise in “double percentage digets” in Galway and Cork as these cities experiences the same supply issues currently in Dublin.
The figures for Dublin for the last quarter of 2012 show house prices rising from between five percent to as high as 15 percent with a predicted further 12 per cent rise there by the end of this year.
The death has occurred of the former Bishop of Galway, Kilmacduagh and Kilfenora Martin Drennan, six years after he announced his retirement on health grounds. He was aged 78.
The Galway Diocesan Office confirmed the death this (Saturday) afternoon of the Bishop and Apostolic Administrator Emeritus, who oversaw the Diocese for eleven years.
Born on January 2, 1944 in Piltown, County Kilkenny, he studied for the priesthood at Saint Patrick’s College, Maynooth, from where he was ordained to the priesthood in 1968. His brother Michael is also a priest.
Following his ordination, he continued his studies in Rome where he was awarded a Licentiate in both sacred theology and sacred scripture. He returned to Rome in 1980 to become spiritual director at the Pontifical Irish College for the next five years.
He became a lecturer in sacred scripture at Saint Patrick’s College, Maynooth, where he continued to teach until his appointment as Auxiliary Bishop of Dublin in 1997 with responsibility for East Wicklow and South Dublin.
Following the retirement of Bishop James McLoughlin, Bishop Drennan was appointed Bishop of Galway and Kilmacduagh and Apostolic Administrator of Kilfenora and he was installed on July 3, 2005 in Galway Cathedral.
Outgoing Cllr Terry O’Flaherty (Ind) is on course to retain her City Council seat – and top the poll in City East.
With 33% of the boxes tallied, Cllr O’Flaherty is polling strongly, particularly in Renmore.
Michael John Crowe is ahead of his running mate Alan Cheevers for the Fianna Fáil vote, according to the early figures, although that could change when Doughiska and Roscam boxes are opened.
The Green Party’s Claire Hillery is on about 7%, with Fine Gael on 10% and Sinn Fein on 5%.
The opening of boxes for the local elections began at 9am this morning in Leisureland when the tallymen (and women) kicked into gear.
As regards the Galway County Council elections, the smaller areas are being opened first which means that the four-seater Connemara North boxes will be first in the pecking order.
It will be followed by Gort-Kinvara (5 seats), Connemara South (5 seats), Athenry-Oranmore (7 seats), Ballinasloe (6 seats), Loughrea (5 seats) and finally Tuam (7 seats).
The boxes in these areas will be opened and tallied in that particular order before being transferred to the Galway Lawn Tennis Club on Threadneedle Road where the counting will commence around mid-morning.
That is when the fun will really begin – although the tallies should give a good indication as to where most of the seats are destined.
As regards the city, the Galway City East boxes were opened first, followed by Galway City Central and finally Galway City West. These votes will be transferred to the Westside Centre by around 11am for counting.
There are 39 seats on Galway County Council to be filled with 18 on Galway City Council. The City Council count is expected to conclude on Saturday night but the County Council count – with seven electoral areas to be filled – could well go into Monday.
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