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Home buyers in Galway city paying up to 13% more for a property

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Home buyers in Galway city paying up to 13% more for a property

Galway Bay fm newsroom - Home buyers in Galway city are paying up to 13% more for a property now compared to this time last year.

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Figures from Daft.ie show the average house price in the city now stands at over 313 thousand euro.

In Dublin, prices rose by 8.4% in the year to June 2021, the fastest rate of inflation since early 2018, but price increases outside the capital have been roughly twice as large.

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In Cork, Limerick and Waterford cities, listed prices were between 14% and 15% higher in the second quarter of 2021 than a year previously, while in Galway city, prices rose 12.6% in the same period.

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Outside the main cities, prices rose by an average of 16.5% year-on-year, with Wexford and Waterford county seeing the largest increases, at just over 21%.

Ronan Lyons from Daft.ie says more people are looking to buy homes outside the capital.

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