In the midst of the worst housing crisis in Irish history, the recent findings of the newly released GeoDirectory Residential Properties report has revealed startling statistics regarding the status of housing in the city and county.
Nationally 82,081 residential properties were recorded as vacant in June 2024. According to the ‘composition of housing stock’ reported by GeoDirectory, 92.9 per cent of dwellings in Galway are occupied, 5.5 per cent of dwellings are vacant and 1.6 per cent are holiday homes.
In addition to vacancy, Galway is reported to have the third highest rate of derelict residential address points in the nation. With a reported total of 20,413 derelict units recorded nationwide, Galway is home to 8.7 per cent of this total, surpassed only by Mayo (13.8 per cent of national total ) and Donegal (11.6 per cent ).
When it comes to buying and renting homes in Galway, according to the GeoDirectory database, over the past 12 months in Galway, 1,293 new residential address points were added and 1,070 residential buildings are currently under construction.
From May 2023, to May 2024, approximately 2,094 property transactions took place in Galway, 15.4 per cent of which were newly built dwellings.
The cost of buying a home in Galway has been recorded to be above the state average of €381,749 (excluding Dublin - €311,111 ), with the median cost reported to be €338,157.
