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Galway city property report

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The property market in Galway continues to be extremely buoyant with more than 500 residential and commercial properties sold in the city centre and its surrounds in the final six months of 2014.

Not all doom and gloom

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In 2008, in general, it can be said there has been little in the way of good news. What started out a slow year with indications that prices would fall across the board, turned out by the end of the summer to have developed into what many property experts would describe as a freefall. With fluctuations in falling prices varying considerably depending on location across the country, nowhere escaped the carnage. Price falls varied from as high as 40per cent in some of Dublin’s commuter belt, with even traditionally nlue chip locations in the capital seeing falls as great as 20per cent. Galway, universally recognized as being recession proof in property terms didn’t escape either.

 

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