Auctioneers report soaring prices for city apartments
Thu, Mar 20, 2025
The price for a two-bed apartment in Galway city has soared a staggering 85 per cent over eight years, according to the Institute of Professional Auctioneers and Valuers (IPAV).
The professional body, which represents over 1,000 property auctioneers across Ireland, also reported that prices of similar apartments in County Galway have jumped a whopping 40 per cent since its Residential Property Price Barometer began tracking sales in 2017.
The IPAV figures were published last week, just as the Central Statistics Office revealed planning permissions for new apartments across the country fell by 39 per cent last year, from well over 21,000 units in 2023, to just over 12,000 in 2024.
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