More than €27m in residential property sales recorded in fortnight

61A Upr Newcastle Rd, Galway
61A Upr Newcastle Rd, Galway

The new boom in Galway’s property market appears to be continuing unabated – sales on almost €27 million worth of residential properties were completed last month, up a massive 46%.

A total of 166 homes were registered as sold during the four weeks of February – up 45% on the same month last year.

An analysis of the Government’s Property Price Register the shows that a total of more than €26.85m worth of homes were recorded as officially sold during the month – up from €18.3m for February last year.

Continuing in this regular feature, this week, we provide details of the properties sold in the second two weeks of February.

A total of 62 were registered sold, with a value of €7.5m – that’s down slightly from a €9.2m value for the same period last year (53 properties).

The headline sale during the month was a total of 14 homes in Clifden – in one lot – sold for €840,000.

The houses at Racecourse Hill and Racecourse Lawns comprised 12 two-bed semi-detached bungalows and 2 three-bed two-storey semis.

Seven of the properties are currently renting for a combined total of around €43,400 per annum.

Another significant sale was a newly-built five-bed detached house – measuring more than 3,000 sq ft – on Newcastle Road in the city, which is located close to NUI Galway and University Hospital. The asking price was €620,000 and it sold for €560,000.

In this regular feature, Tribune Property publishes property sales figures for the city and county using data scraped from the Property Price Register, and modified to include (where available) a brief description of the property and the initial asking price.

In a small number of transactions included in the Register, the price shown does not represent the full market price of the property concerned for a variety of reasons. All such properties are marked with asterisks.

In a very small number of cases, properties may be declared as purchased in exchange for other property, stocks and shares, etc. If the property is a new property, the price shown is exclusive of VAT at 13.5%