House prices in Co. Galway 14% higher than last year

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House prices in Co. Galway are over 14% higher than they were this time last year, the latest report shows.

The average house listing in the county is now €234,870, a 14.3% year-on-year increase, while prices in the city are 3% higher than last year at €316,000.

A one bedroom apartment in Galway City is on average €130,000, while a three bed semi-detached house is €250,000.

The average listing for a four bedroom bungalow in the city is €422,000.

Elsewhere in the county, the average price for a one bedroom apartment is €80,000, while it is 149,000 for a three bed semi and €294,000 for a four bedroom bungalow.

“With Ireland registering population growth and net migration even during the worst of the Covid-19 pandemic, and with strong evidence of suppressed household formation, demand for housing is set to remain strong well past the short- and medium-term and into the middle of the century,” said Ronan Lyons, Associate Professor in Economics at Trinity College Dublin.

Download the full report here.