Author: franklins

Brexit and Co. Donegal

 

The county has felt the negative impact of the likely exit of the UK from the EU since the referendum. This has been exacerbated in recent months with the increased likelihood of a ‘no deal’ exit. The weak pound has also contributed to ‘soft’ market conditions.

Historically, in Co. Donegal, about 40% of all property sales have been to sterling buyers so prevailing uncertainties will continue to impact until a clearer economic picture emerges.

The good news is that prices are stable and great value so never a better time to buy.

Franklins – 20 years young!

 

2019 is particularly poignant for Franklins as it marks our 20th anniversary.

It’s not all been plain sailing as anyone involved in the property market knows. We were particularly relieved to emerge from the property crash between 2007 – 2013. It lead to the development however of our now exceptionally busy property management and lettings department.

We are proud to have acted for thousands of valued clients in the last 20 years and now look forward to the next 20 years.

Áras Patrick Kavanagh – Student lettings

 

Franklins have just secured instructions on these fine student apartments just off Port Road – a hop, skip & jump to the LYIT.

Details of these fine properties – https://franklins.ie/for-rent/apt-15-aras-patrick-kavanagh/

Don’t delay,  these captivating properties will let quickly!

Call Raymond McNally or Sharon McCready NOW!

Selling in 2019?

 

Yet again, in 2018 Franklins sold the two most expensive homes in Co. Donegal. At Horn Head, Dunfanaghy (pictured) and Hillmount Manse, New Line Road, Letterkenny for €750,000 and €685,000 respectively. We also proudly sold a fine block of superbly refurbished apartments just off Justice Walsh Road, Letterkenny for €850,000.

Franklins sold a large number of properties throughout the county – from small apartments to estate houses and country homes.

We sold around 23% more properties in 2018 than in 2017 in a challenging market with largely stagnant prices.

So in challenging times contact us for a positive approach and results.

Call us today for your complimentary valuation.

CALLING ALL INVESTORS – how does 10% sound ??

92 Meadowbank, Letterkenny, Co.Donegal

To good to be true ? NO.  This very desirable property is currently for sale through Franklins at just                €119 000 – and is full let for €1150 per month.

4 bedroom semi in great condition plus a one bedroom flat on the side. In an improving part of town, near the hospital and all the towns amenities. An area we predict will continue to improve as more and more homes here are professionally refurbished.

 

 

 

 

 

 

 

 

 

Browse our website for many apartments and houses ideal for investment, many producing yields of 8-10%. Where else would you find a return on your investment like this ? The rental market has seen in the last 3 years continuing demand and spiralling rents. This continues unabated with rents still increasing sharply due to lack of supply.

When you have found the right property we will find you first class tenants with excellent references, manage your property and deal swiftly with any maintenance issues that arise. We manage hundreds of properties and have an efficient lettings staff to deal with all enquiries.

 

Paul Franklin

MD

BUYING THROUGH FRANKLINS / the big difference

Unlike most firms of estate agents in the county Franklins rarely ‘hold’ offers on properties. We operate a much more transparent and fairer system. If we receive offers below an acceptable level to our clients we endeavour to negotiate with prospective buyers to a price agreeable to the seller / vendor. If this does not materialise we consider the property to be fully and freely available to subsequent viewers. We do not therefore in most cases revert to previous viewers / bidders. In our view they had their opportunity.

So if you are looking to buy, most of Franklins properties are freely available and open to offer / negotiation. We will not be reverting to previous viewers and you will not therefore be entering into an auction type scenario.

Honest, simple and straightforward. You know where you stand with Franklins.

Looking to rent your house?

2016 saw increases of 12 – 15% in residential rents, especially in the Letterkenny area. We go out of our way to provide high quality tenants, with references and regularly inspect our properties under management, ensuring they are being well maintained. We achieve optimum rents swiftly.

Call Raymond or Sharon 074 91 88000

Selling an investment property in ’17’?

Despite an overall reduction of 4% in property values (in Co. Donegal) last year, the market for semi-detached houses and apartments witnessed a significant 20 – 25% increase. Investors in most cases are able to achieve an impressive 8 – 9% yield – well above average. We fully anticipate another strong year in this sector and predict an annual increase in values of c. 10%.

Call Paul or Brendan if you want to sell 074 91 88000