Category: Region

Housing crisis – what crisis??

22 Stewart Court Ramelton – ‘New build’ €149,000

Whilst the property market in large parts of the country is clearly witnessing a surge in prices (both rental & sales), here in Co.Donegal there remains great value. Still in many cases sale prices are lower than build cost. As a border county with historically 40% sterling buyers, the Brexit situation has impacted negatively and looks set to influence the market until the dust settles one way or the other. This could be 2 or 3 years.

Market Activity nonetheless remains quite steady with a plentiful supply to the market in most price ranges. Surprisingly until the end of July 18, 90% of all sales in the county were on properties valued at below €200k (source – National Property Price Register). Sales over €400k in the county are still unpredictable.

The county has witnessed modest increases in values in the last 18 months but there is no doubt Co Donegal still offers some of the best value for money in the country whether buying for owner occupation or investment.

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