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Galway property prices stabilising

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Galway Bay fm newsroom – Property prices in Galway are moderating according to the latest report from Myhome.ie.

In the final 3 months of 2013 there was a decline of almost 3 percent in asking prices in Galway, following months of no change.

However the year on year decline in property prices in the city is just over 8 percent and just over 9 percent in the county.

The median asking price for a property in Galway city and county now stands at 170 thousand euro.

The average time to sale agreed for Galway properties, is 5 months.

Meanwhile, more planning permissions for family homes needs to be granted in Dublin – in order to halt the property bubble which is fast emerging, according to Myhome.ie

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