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OVER 40% INCREASE IN NUMBER OF PROPERTIES SOLD IN COUNTY GALWAY

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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.

Number of Galway house starts grows

The number of new houses being built in Galway has grown in the first five months of 2013, according to new statistics released by the Construction Industry Federation (CIF). According to the latest CIF Housing Statistics Bulletin, there has been a 38 per cent increase in new house starts, with 184 units being started this year compared to 133 during the same period in 2012. This represents an increase of 51 units.

Decline in property prices begins to moderate

The decline in property prices in Connaught/Donegal continues, but at a lesser pace than a year ago.

Top Tips for Buying Abroad

1. Never sign a contract that you do not understand (for example - if it is in a foreign language).

ERA Oates report promising start to the year

Joe Naughton of Era Oates Auctioneers has reported a significant increase in the number of viewers of properties in January, particularly from first time buyers.  

Canalach development continues to sell, despite difficult climate

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Ballinasloe's exciting, modern, architecturally designed Cuil na Canalach development at Pollboy in Ballinasloe, is continuing to experience high levels of buyer interest, and continuing steady levels of sales, despite the general air of doom and gloom surrounding the general economy, and the property market in particular. Cathal O'Malley, director of local development company Comrad Holdings which is developing the project smiles as he notes that it is not entirely unprecedented for Ballinasloe to buck the national trend, remembering how the town thrived during the 80s while the rest of the country experienced recession. 

Canalach development continues to sell despite difficult climate

Ballinasloe’s exciting, modern, architecturally designed Cuil na Canalach development at Poolboy in Ballinasloe is continuing to experience high levels of buyer interest, and continuing steady levels of sales, despite the general air of doom and gloom surrounding the general economy, and the property market in particular. Cathal O’Malley, director of local development company Comrad Holdings which is developing the project, notes that it is not entirely unprecedented for Ballinasloe to buck the national trend, remembering how the town thrived during the ‘80s while the rest of the country experienced recession. He hopes that the recent successes experienced in the town with the success of the Carlton Shearwater Hotel, the initiation of construction on the new retail park with Tesco as anchor tenant, and the many other successes of the town will herald another prosperous phase in its development.

 

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