12 percent of Galway's new property stock recorded as vacant
Galway Bay fm newsroom - 12 percent of Galway's new property stock is vacant compared to 9.5 percent nationally.The figures compiled by GeoDirectory also show that the rate of new building activity in Galway has decreased by 36 percent.
421 new residential and commercial buildings were recorded in Galway for the first six months of this year.This compares to 661 such new builds for the same period last year.The Galway decrease is significantly higher than the national drop which stands at 25 percent.Dara Keogh, CEO of Geo Directory says there has been a significant decline year-on-year since 2007.