House prices in Galway City have experienced the strongest growth in the country over the past 12 months.
A new report from property website Daft.ie shows that prices in the city and county have risen sharply over the past 12 months.
House prices across Galway have risen by more than 50 percent since their lowest point during the crash.
The average price of a home in Galway City now stands at €265,000 – that’s a significant increase of over 16 percent compared to this time last year.
It’s the highest figure in the country alongside Limerick City and Louth who recorded the same surge of 16.3 percent in house prices.
The figure for the city also represents a 63 percent rise in property prices since the lowest point of the market during the recession.
It makes the rebound in city home prices the largest nationwide – ahead of Meath at 61 percent, Kilkenny at 56 percent and Louth at 55 percent.
Inflation in the county has been slower – but has nonetheless steadily crept upwards, with the average asking price now €175,000.
That’s a 7 percent increase over the past 12 months.
Prices commanded in the county are now, on average, 45 percent higher than the lowest point recorded during the crash.
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