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Galway House Prices

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    #62
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    I know my mortgage will be a ball and chain around my neck til the day I croak, but looking at that place, I am so glad to have it and no longer having to live in the city in little shoe boxes


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    #63
    Unrealistic
    Registered Users Posts: 1,280 ✭✭✭Unrealistic


    gordongekko wrote: »
    I saw a 2 b/r with €1500 charges on it.
    This one is actually a 2 B/R too. The upstairs bedrooms are illegal and shouldn't be listed as such.


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    #64
    Duckjob
    Registered Users Posts: 2,859 ✭✭✭Duckjob


    Estate agents embroiled in talking up the property market shocker :pac:

    I get the sense the market is quite distorted at the moment, what with a lot of cash buyers jumping in because prices are "low" (relative to what they were).

    I think it was will be interesting to see what happens when that cash has filtered thru the system and the market has to support itself based directly on peoples incomes and credit.


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    #65
    Ellen Rose
    Registered Users Posts: 13 ✭Ellen Rose


    After reading through the above posts, there are a some points I would like to include:

    1. Currently there is a shortage of rental accommodation, with many properties now rented without the need to advertise. A surplus of tenants!

    2. Rent prices have increased

    3. The majority of repossessed homes have a family / tenant insitu, who will still need accommodation. Therefore not necessarily affecting the supply

    4. Material costs have continued to rise.

    5. In this market, you will not buy the site, build & finish a house & grounds, for the price you can purchase the property. So yes, prices have over corrected, & will remain so in remote areas. It comes down to location, location, location


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    #66
    Newtogalway
    Registered Users Posts: 15 ✭Newtogalway


    The shortage of supply of decent houses to buy in Moycullen is something else


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    #67
    Wompa1
    Registered Users Posts: 8,172 ✭✭✭Wompa1


    Newtogalway wrote: »
    The shortage of supply of decent houses to buy in Moycullen is something else

    You mean they are not on the market or they just don't exist?


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    #68
    Newtogalway
    Registered Users Posts: 15 ✭Newtogalway


    A bit of both. There are small estate houses or houses miles away from anything, plus a number of overpriced homes (nothing has sold for over 360k for a very long time). If you want a non estate house a mile from the village there are about 20 in total and none for sale. Compared with Barna and Oranmore the lack of choice is startling


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    #69
    Ellen Rose
    Registered Users Posts: 13 ✭Ellen Rose


    Demand in Oranmore is out stripping supply & prices are reflecting this. Especially on the Maree road, a lovely area but a total bottle in the morning & going to get worse when the new gaelscoil opens in September.


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