House prices in Galway city continue to soar

galway daily news average rent in galway rooms for rent in galway city price

House prices in Galway city have risen by a hefty 12% in Q1 of 2021 compared with the first three months of last year, while the cost of buying a house in the county has fallen by 2%.

The latest report shows that the average price of a house in Galway city is now €325,534, an increase of 2.5% on the previous three months, while elsewhere in the county the average price is €205,837.

A three bedroom semi-detached house in the city now costs on average €245,000 and a four bedroom bungalow is €428,000.

House hunters can expect to pay €69,000 for a one bedroom apartment in the county, while in the city it would set them back €130,000.

Outside the city, a three bed semi-detached house is €118,000, while a bungalow with four bedrooms costs on average €254,000.

Co. Galway, excluding the city, was the only county in Ireland to see a decrease in house prices so far this year.

The least expensive houses in the country are found in Leitrim, Roscommon, Sligo and Donegal.

Across Connacht and Ulster, listed prices dropped by an average of 0.8% between December and March, despite growth in the previous two quarters.