GALWAY PROPERTY PRICES CONTINUE TO FALL

Date Published: 02-Jan-2013

Average house prices in the city dropped 10 percent at the end of 2012 compared to a fall of 23 percent at the end of 2011.

That’s the findings of property website Daft.ie

The average house price is now 163 thousand euro, which is 57 percent below peak levels.

In the county, prices in late 2012 were 19 percent lower than a year previously, compared to a fall of 14 percent in the year to late 2011.

The average house price is now 138 thousand euro, 57 percent below beak levels.

On the national front- there’s been an increase in the number of houses sold.

Figures from the Property Price Register show just under 21,000 residential properties sold last year – that’s over 15 per cent more than in 2011.

Meanwhile- two reports from the websites My Home.ie and Daft.ie show that house prices around the country are also down.

MyHome.ie says the average price of a house is now 201 thousand euro – whereas Daft.ie puts the national average at 151 thousand.