PROPERTY PRICES IN CITY AND COUNTY FALL BY HALF SINCE PEAK

Date Published: 01-Oct-2012

Property prices across the city and county have fallen by over half since the peak housing boom.

That's according to figures compiled by property website daft.ie which study the period from June to September.

In Galway city, prices have fallen by 2.6 percent with the average asking price now at 179 thousand euro - that's a fall of 55 percent from the peak.

This drop is also evident in the county where asking prices have fallen by an average of 2.9 percent.

In the county environs, the typical asking price is now 138 thousand, a fall also of 55 percent on peak boom periods.

Nationally, the data shows a drop of over 3 per cent in asking prices between July and September this year - down 14 per cent from the same period last year.