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Property prices in Galway City in the final quarter of 2019 were less than one per cent lower than a year previously, compared to a rise of six per cent seen a year ago. The average house price is now €290,000, 81 per cent above its lowest point. In the rest of Galway, prices in the final quarter of 2019 were 1 per cent lower than a year previously, compared to a rise of seven per cent seen a year ago.
House prices in Galway have risen by almost five per cent in the first half of 2017 - the largest increase in the State for the year to date - and house prices also have shown a year on year increase of more than 13 per cent.
The price of the average three-bed semi in Galway city has risen 2.1 per cent to €245,000 in the last three months, and 9.9 per cent over the past year, according to the Q2 Real Estate Alliance Average House Price Index.
Demand for construction and property jobs rose 46 per cent in February 2016 compared to the same month last year, according to a new sector resourcing research by leading recruitment agency, Hays Ireland.