Breaking News
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.