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This three bed bungalow is a fabulous, mature property offering excellent value for money.

Demand for executive/luxury rental homes has far exceeded the supply in the quarter from September to December 2011, according to Yvonne Mullaney of Executive Sales and Lettings.

John Quinn has just brought to the market a three bedroom semidetached residence at No 60 Riasc Na Rí, Knocknacarra. This property, which is in pristine condition, is situated in a very popular residential area and is close to the new Knocknacarra school and local shops, and has easy access to the city and Salthill.

Despite the challenging economic and business environment, 2011 was a positive year for the Galway commercial property market, according to DTZ Sherry FitzGerald. While already having the lowest vacancy rate in the country, the Galway office market enjoyed three large successful transactions during the year.

Upward only rent reviews that are causing financial hardship for tenants leasing expensive commercial properties can only be reviewed where those properties are owned by NAMA, but not where they are in private ownership.

Property Partners Maxwell Heaslip & Leonard has brought to the market a quality three bed duplex city centre apartment with amazing Galway Bay views, located at No 15 Hynes Yard. This home includes a designated car park space. While the property has been on the market for the last few weeks, the asking price has now been slashed from an original asking price of €249,000 to just €189,000.

This is a question often pondered by new landlords but can equally apply to seasoned property owners. You should never under estimate the work involved in the successful letting of your property.

It has long been a tradition at this time of year that many parents come to Galway to search for a rental property for their children. At the offices of Property Partners Maxwell Heaslip & Leonard phone and office enquiries are coming in since the start of Race Week. Fergal Leonard MIPAV, who heads up the rental agency at the office, said that this is symptomatic of what has always happened at this time of year, except this year stock has been depleted. He said rents have held firm for good quality properties in good areas and, now with a lack of new construction for the past three years, supply is being outstripped by demand.

A significant increase in commercial letting activity has been recorded by Mullery auctioneers in the first half of 2011, with a notable increase in demand for office accommodation which has been the laggard of the commercial market in Galway in the last two or three years.

A Kilkenny woman in her 70s this week lost a High Court case to prevent her family from being evicted from their home.