The sales boom is continuing in Galway’s residential property market – in 2015, more than €400 million worth of homes were sold, which is up a massive 30% on the previous year.
In one new development on the western side of the city, 20 homes sold out within hours of being released.
In fact, the number of homes sold each year in the city and county has more than trebled over the past five years.
An analysis of official figures from the State’s Property Price Register by the Galway City Tribune shows that up until the beginning of December – the most up-to-date figures available – there were a total of 2,370 residential properties sold in Galway.
That figure is up 21% on the number of sales closed during the exact same period in 2014 (a total of 1,960).
The value of sales was up 30% from just under €310m for the period last year to €402.5m this year.
The Property Price Register figures show that since 2010, the volume of sales being recorded in Galway – and their total value – decreased, before embarking on a significant upward trend.
For more on this story, see the Galway City Tribune.
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