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Please watch out for gruesome property related headlines. Fear sells. We see it every day……
In reality, there is a shortage of homes available either for sale or to let in Ireland. We in Global Properties are actively looking for property for multiple mortgage approved potential buyers, in Ballincollig, Bishopstown, Douglas, Ballyvollane and surrounding areas.
Interest rates for home mortgages average around 2.5%. Jobs are plentiful, the economy is strong and not enough new homes are being built. It is a perfect storm!
The property market always adjusts to reality. The reality for sellers is if you have a home in good condition, a bit of curb appeal, in a good area you will be selling it quickly. There is still a serious under supply of homes vs. demand across Cork entering into the spring home buying season.
Buyers are also facing the reality. For those who are “waiting for the market to drop “so you can get in”, don’t waste your life, savings and dead rent money. If you find a home you like, in an area that suits you, and you qualify for the mortgage then buy it. Trying to time the market is a losers game as historically other than the Financial Crisis of 2008/12, property appreciates. And mortgage payments are cheaper than your rent.
Find yourself a qualified mortgage broker, view a few properties and go make your dream come true.
Buying or selling, Con Nagle (021 4877133) and Barry Nagle (021 4273038) would love to hear from you.
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