Sharp increase in property asking prices across Galway

galway daily asking price increases galway

Galway city has seen an especially sharp increase in asking prices in the first quarter of 2018.

The City saw an 11% increase on the year to €250,000 at the median, according to the latest report – the Irish Times’ property website.

Across Co Galway, the median asking price was €220,000 – up 10.6% on the year.

The report showed that in Galway the median asking price for a three-bed semi-detatched house was €200,000, an annual change of 1%.

The median asking price for a three-bed semi in Cork was €230,000 and in Donegal it was just €95,000.

For a two-bedroom apartment, the median asking price was €175,000 in the first three months of 2018, a huge 25% change on the same period last year. Again, to to compare, it was also €175,00 in Cork, and in Donegal it was €45,000.

€205,000 was the median asking price for a four-bedroom semi-detatched house in Co Galway in Q1 of 2018, which was a 3.5% increase on the last three months of 2017.

The report also showed that in 2017, the number of transactions over €1m nationally was 826 such – up 25% on the 661 recorded in 2016 and up fivefold from the 160 sold in 2011.

In Galway, the percentage increase was higher than the national average – at 42% – with 17 houses cracking the €1m price-bracket.

The most expensive housing transaction in Dublin was the €9.5m paid for ‘Gorse Hill’, Killliney, in July. Outside Dublin, the most expensive house was sold in Blackrock in Cork for €4.1m.

The trends presented in the report are based on actual asking prices of properties advertised on