GALWAY HOUSE SELLERS SLOW TO REDUCE ASKING PRICE

Date Published: 07-Jul-2009

Galway house sellers are sticking to their asking prices. The latest Daft.ie House Price report for the second quarter of this year reveals that prices in Galway city fell by just 2 per cent in the past three months. Nationally asking prices fell almost 6 per cent in the same period. The average price in the city is now just under 288 thousand euro, down 25 per cent from the peak.In the county, prices fell by slightly more, with a 4 per cent drop between April and June, to 241 thousand euro on average, down 23 per cent from peak prices during the boom.