Sharp increase in property asking prices across Galway

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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 myhome.ie 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 MyHome.ie.