Search Results for 'Irish property bubble'

House prices in Galway city and county continue to rise as supply is down one quarter.

The latest press release issued today by Ireland’s premier rated property website, Daft.ie, finds that nationwide demand for homes is up by 17 per cent year on year while the demand for new homes specifically is up a staggering 114 per cent nationally when comparing May 2023 to the same period in 2022.

The overall average increase in property prices for 2021 was just short of 12 percent, with great variations across the country, according to the latest Residential Property Price Barometer by IPAV, the Institute of Professional Auctioneers & Valuers which captures house prices actually achieved by auctioneers for three- and four-bedroom semi-detached homes and two-bedroom apartments.

The latest Daft.ie house price report has indicated that prices in Mayo have risen by six per cent. The report found that house prices in Mayo between October and December 2015 was on average €122,000 which was six per cent higher than in the same period in 2014 and ten per cent higher than prices were at their lowest point.

According to the property price register at the end of August, the number of property sales for both Galway city and county is showing a dramatic increase year on year. The register gives the exact selling price of properties and so is the most accurate record of actual sales that have taken place.

According to the property price register at the end of August, the number of property sales for both Galway city and county is showing a dramatic increase year on year. The register gives the exact selling price of properties and so is the most accurate record of actual sales that have taken place.

There was a drop of 10 per cent in the average price of houses in Galway city by the final quarter of 2012, according to a report by an online property website.

House prices are continuing to fall but the rate of decline is moderating, according to the latest figures from property website MyHome.ie, which reports that asking prices for three bed semi-detached properties nationally remained unchanged in the last quarter, at €185,000.

While temperatures failed to rise noticeably during the summer months property prices in Galway city were climbing gradually with a one per cent rise recorded.

Asking prices for residential property around the country continued to fall during the first three months of 2011, according to the latest reports published by property websites Daft.ie and Myhome.ie. The national average asking price for property has fallen 43 per cent since the peak and now stands at €210,000, according to the Daft.ie report, while the average time to sell a property is now nine months, the same as a year ago.