Ask the experts: What specifically would you buy if you were an investor spending (a) €250,000, (b) €350,000 and (c) €600,000, and why?
(a) €250,000: a top-of-the-range two-bed apartment in west Dublin in the region of €200,000, where it would command a rental income of around €1,500 per month and this would provide a very attractive gross yield of just under 10pc a year. With banks offering under 0.5pc for deposits money, this is a fantastic return.
(b) €350,000: a two-bed apartment in the Dublin Docklands. The location will remain hot for tenants and buyers alike, as it sits in centre place of a high-employment area which is home to some of the highest-paid employees, many working for international banks, insurance and IT firms. This area is becoming the hub of Dublin's 'Silicon Valley'.
(c) €600,000: a pre-63 investment property (house in multiple residential units) on the Northside of the city near one of the new Luas stops between Phibsborough and in or around the North Circular Road. A 10pc yield can still be obtained.
Keith Lowe is CEO of Douglas Newman Good (DNG), a national estate agency network which has 75 branches throughout the country, including franchises. He has 33 years’ experience in the sector, having joined the firm in 1984.
(a) €250,000: 31 Castlemara, Annacotty, Limerick (asking price €249,000). Great potential for this three-bedroom semi-detached house. Located very close to a university so will always have strong rental demand. Would currently have the potential to rent for €1,300 p.m. In addition its proximity to the NTP (National Technology Park) will make it attractive.
(b) €350,000: 184 Skellig Michael, Custom House Harbour, IFSC, Dublin 1 (asking price €345,000). This is a great two-bedroom apartment in the heart of the Docklands. Right now there's no shortage of tenants, and this property has the potential to achieve approximately €2,000 p.m. Hard to argue against this as a solid investment.
(c) €600,000: 9 Swanville Place, Rathmines, Dublin 6 (quoting €550,000). Rathmines, a long-standing favourite with investors for its plentiful supply of tenants, tends to outperform the market from a capital appreciation perspective. This safe investment would achieve about €2,750p.m.
Michael Grehan is MD of the Sherry FitzGerald estate agency group, which has a 66-branch-strong network, including franchises. He has more than 28 years’ experience in the property sector.