Hi,
Not sure where you can get a decent 4 bed semi in Galway for that price !
For what it's worth I know a few people with investment properties that have had to reduce rent in the last yr, or have a house for 4 with only 2 paying tenants. One owner has reduced his rent 3 times in last 2yrs.
Hate to be doom & gloom but from one living in Galway I wouldn't invest here at the moment. City centre places will always rent but you wouldn't get city centre for those prices. Mind me asking which area you're talking about ?