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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.

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.