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Housing Market

Sold: €5m worth of property and land snapped up in "intensive" Galway auction

Organisers said it displayed “continued confidence” in the Galway property market.

AS MUCH AS €5 million worth of property and land was sold in the second all-day auction in Galway.

One property, a bungalow on Shantalla Road, exceeded its advised minimum value of €135,000 by more than double, while a 3-bed bungalow on Lower Fairhill Road went for €326,000.

The organisers, O’Donnellan and Joyce’s, said there was “high demand” for key city centre addresses, with the all residential properties attracting strong interest.

Comment on today’s auction, O’Donnellan said:

There’s a continued confidence in Galway’s property market which further highlights the shortage of quality family homes in desirable locations across Galway city.

Other notable sales included a 11-bed guesthouse in Ballyvaughan for €200,000, and a 423 square foot commercial property unit in Spiddal that sold for €48,000.

Yesterday Colm O’Donnellan said the market in Galway had changed rapidly over recent years, with more cash investors being drawn back into the market.

Read: Rush for homes as property market “changes dramatically” in Galway >

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