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Experts predict sharp rise in Galway house prices

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Galway Bay Fm Newsroom

Property market experts predict that house prices in Galway could see a sharp rise if the city experiences the same supply issues currently hitting the housing market in Dublin.

A national survey based on figures supplied by the website daft.ie showed that while Galway city house prices dropped by 4.2 per cent in the last quarter of 2013, compared to the same period in 2012, this was the lowest decrease in the West.
In Galway county the drop in house prices for the same period was 7.6 per cent which was marginally higher than the fall in house prices in Mayo of 7.5 per cent.

The house price survey was published in the Sunday Independent and property editor Mark Keenan predicts a sharp rise in “double percentage digets” in Galway and Cork as these cities experiences the same supply issues currently in Dublin.

The figures for Dublin for the last quarter of 2012 show house prices rising from between five percent to as high as 15 percent with a predicted further 12 per cent rise there by the end of this year.

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Water outage in west side of city

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Galway Bay fm newsroom – Households and businesses in the west of the city are without water today.

It’s due to a burst watermain on the Letteragh Road.

Irish Water says crews are working to repair the significant burst as quickly and as safely as possible.

Repairs are expected to be completed by 7 this evening.

Areas affected include Salthill, Lower Salthill, Dominick Street and West End of City Centre, Newcastle, University Road, St Mary’s Road, Taylor’s Hill, Kingston and southern end of Knocknacarra and surrounding areas.

The public is advised that supply to UHG is independent and will remain unaffected by the incident.

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143 cases of COVID-19 in Galway hospitals

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Galway Bay fm newsroom – There are 143 confirmed cases of COVID-19 in Galway hospitals today as pressure continues on the health service nationwide.

131 Coronavirus patients are being treated at UHG, while 12 patients are attending Portiuncula Hospital Ballinasloe.

The intensive care unit at UHG is treating 10 COVID-19 patients – with two patients being treated for the virus in the ICU at Portiuncula Hospital.

It comes as over 2,000 people with COVID-19 are being treated in Irish hospitals for the first time since the start of the pandemic.

HSE CEO Paul Reid says healthcare workers are trying hard to remain in control.

More on Galway Bay fm news….

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Galway records 11% drop in new company registrations

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Galway Bay fm newsroom – Galway recorded an 11 percent drop in new company registrations last year.

806 were recorded in the city and county in the 12 month period compared to 897 in 2019.

25 insolvencies were recorded in Galway in the period.

There’s been a national drop of 4 percent in the number of start-up firms in 2020.

CRIF Vision-net says 21,924 new companies were registered last year, the lowest figure since 2016.

Of the 26 counties in the Republic, 24 saw a drop in new firm start-ups.

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