Property News Round-Up
Looking for bargain properties?
Property discounts are available on a range of different types of residential property.
In Dublin, many new build developers are selling properties at a discount and they can typically be purchased for 35% to 50% discount. In places like Clare Hall in North County Dublin, property has been selling for up to 70% off previous list prices.
For first time buyers the news is good. Lenders such as Building Societies and Banks are willing to sell repossessed portfolios at 25% to 40% discounts. Individual residential property vendors are willing to accept 20% to 30% off the asking price for a quick sale, and in some cases, developers through our ‘Top Secret Property Division’ can market their property for less to achieve a quicker sale.
However a lack of mortgage lending means that it’s still only a very small group of first time buyers who are able to fully take advantage of the current discounts available to property buyers. However if you are loan approved for, say, €250k only, then it may be possible to source a property which may cost €300k on the open market to suit your budget.
Want to know more about our Top Secret Property deals? Then email us now topsecret@bentleyproperty.ie
