The average price of a house in Galway City now stands at €250,000 – that’s a rise of 14 percent over the past year.
That compares with an average of €120,000 in the county, which also represents an increase of 14 percent over the past 12 months.
The figures show that Galway experienced one of the strongest surges in property prices nationwide during 2016 – behind Cavan, Waterford and Leitrim.
The most expensive property sold in Galway last year was 8 Frenchville on the Grattan Road in the city, which sold for €975,000 in November, a stunning four-bed family home sold at auction by O’Donnellan & Joyce.
The nationwide property survey from the Irish Independent reveals that the largest increase in prices was in Killarney, which recorded a rise of 20 percent.
Limerick was the only county in Ireland to record zero growth in house prices over the past 12 months, with the average home costing €150,000.
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