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"Red hot" demand for border
properties
18.05.07
Houses in border areas
of Inishowen are still "red hot" in terms of buyer
demand, according to a local estate agent.
Leo McCauley, who has just published his quarterly
report on local market trends, said there was big
demand for properties within a ten-mile radius of
Derry.
"These areas are still red hot in relation to
buying," he said. |
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"Many buyers from
Northern Ireland feel they're getting a better
quality property and are happy to move to a more
rural way of living while still being within a few
minutes drive of the city."
Holiday areas in the peninsula were still very much
in demand, he added.
"Places such as Greencastle, Ballyliffin and Culdaff
are still as strong as ever, with holiday homes
reaching exceptionally high figures, from €350,000
to €500,000. |
"And other outlying areas, closer to these towns and
villages, such as Moville, Malin, Malin Head and
Clonmany, are still seeing a strong growth."
But he said certain areas of the peninsula continued
to suffer from poor infrastructure.
"In Moville, Culdaff, Clonmany and Ballyliffin, the
existing water and/or sewerage systems cannot cope
with the ever increasing development.
"This we still see in election year could have been
much more of a problem for the outgoing government
that it has and it is probably more of a council
issue.
"The property market in general in the North West
region however is still as buoyant as ever," he
said.
Mr. McCauley of McCauley Properties said the
much-publicised cooling down of the property market
nationally wasn't yet manifesting itself in Donegal.
"In our opinion, the market especially in and around
Dublin had to slow down at some stage," he says in
the report.
"As well as three or four interest rates rises,
there were also some non-economic factors, such as
speculation about changes in stamp duty and first
time buyers' allocations."
He said Donegal's proximity to the North was keeping
the local market buoyant while the market in Derry
continued to soar. To read the full Summer 2007
Quarterly Report, log on to
www.mccauleyproperties.com . |
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