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Niall Cuddy

According to the latest residential market review from leading property advisors DNG, the average price of a second-hand home nationally has increased to €313,453 in the first half of the year.

According to the latest residential market review from leading property advisors DNG, the average price of a second-hand home nationally has increased to €313,453 in the first half of the year.

Rooney Auctioneers, Estate Agents & Valuers has announced the opening of its new Galway city office, officially launched this week by the Mayor of Galway, Peter Keane. Located in The Cornstore, this new branch marks a proud milestone in the ongoing expansion of one of Ireland’s most respected property firms.

John Quinn has just brought to the market No 190 Fearann Ri. The property, which is in walk-in condition, has a lovely sitting room, kitchen/dining room, and a patio door leading to a fine size garden.

The commercial market throughout Galway city and the west of Ireland has proven to be resilient throughout 2024. In the first quarter of the year, the commercial market stabilised after a slight correction within 2023. Due to a combination of factors including fluctuating interest rates and political uncertainty both locally an internationally, demand for commercial investment properties was somewhat stagnant. With limited supply being offered to the market, demand increased within both Q3 and Q4 respectively.

In the past 12 months, DNG Maxwell Heaslip and Leonard’s Residential Sales division had another promising and positive year, listing circa 230 properties across Galway city and county. With 92 per cent selling in the first four weeks of going to the market and over 60 per cent of them achieving figures above their initial guide prices, the residential property market in Galway continued to show a positive and steady growth.

Commenting on the recent Daft.ie Q4 House Price Report, IPAV, the Institute of Professional Auctioneers & Valuers, said the results broadly concur with those reported by IPAV auctioneers which indicate that prices have picked up again in the latter quarter of 2023.

The commercial market throughout Galway city and the west of Ireland has proven to be resilient throughout 2023. In the first quarter of the year, the commercial market stabilised after an unprecedented 2022 which saw some major challenges as a result of the ongoing conflict in Ukraine. What began as a steady start in 2023 turned out to be one of the most active within the commercial section of O’Donnellan & Joyce in recent years, regardless of rising interest rates and market uncertainty.

In the past 12 months, DNG Maxwell Heaslip and Leonard’s residential sales division has had another promising and positive year, listing circa 230 properties across Galway city and county. With 92 per cent selling in the first four weeks of going to the market and more than 60 per cent of them achieving figures above their initial guide prices, they continue to show why they are the leading agents in the west of Ireland.