It is not just the larger cities of Dublin and Cork that are experiencing unprecedented demand in residential property sales. The Galway property market is alive and kicking. Growth in recent months is clear to see in many areas throughout the city and county. Potential buyer sentiment is on the up, and location and the type of property remain key deciders for many potential buyers.
Leading Galway auctioneer Allman Reynolds has witnessed unprecedented demand for three and four bedroom semidetached and detached family homes, as well as investment property throughout the city and county in recent months. Substantial crowds have attended Allman Reynolds’ property viewings in recent weeks. The market has turned in a positive direction with a healthy appetite for residential property returning steadily to the residential sales market. And this momentum in residential property sales looks to continue for the foreseeable future. This is especially true in relation to three and four bedroom semidetached and detached family homes in certain areas and suburbs of Galway city and county.
Sherry FitzGerald hosted a lunch briefing on the housing market in the Meyrick Hotel, Eyre Square, last week. The speakers at the briefing were Mark FitzGerald, executive chairman, Marian Finnegan, chief economist, Tony Kavanagh, director Sherry FitzGerald Ltd, and Michael Grehan, MD Sherry FitzGerald Ltd.
The event was attended by some 85 guests from the property and financial sectors. The theme of the briefing was the shortage of property available for sale and the upward pressure this was placing on property values, specifically in the regional centres most notably in Galway, Cork, and Dublin.
O’Donnellan & Joyce had 22 houses on view to the general public last Saturday for its forthcoming auction on March 14. According to Colm O’Donnellan of O’Donnellan & Joyce there were unprecedented viewings last weekend with potential purchasers coming out in force.
A total of 26 properties will go under the hammer on the day and the auction is beginning to cause a huge stir in the market. The auction will feature a mix of residential and commercial property and land, with properties located across Galway city and county as well as a number in Co Mayo.