Summer saw a good run on two-bed apartments in Carrick-on-Shannon, to such an extent that local agent Liam Farrell would have sold more of this type of property than any other.
"Many of these were distressed sales or, as they say, 'undertaken with the assistance of the banks'," observes Farrell.
"At the peak, these apartments would have cost anything up to €200,000.
"People in their mid or late 50s have been moving their money from deposit accounts where they earn no interest into one of these apartments.
|Ex-corporation 3 bed,||€65,000||€68,000||€71,500|
|3-bed semi in town,||€80,000||€85,000||€89,000|
|3-bed semi out of town,||€65,000||€75,000||€79,000|
|4-bed semi in town,||€110,000||€115,000||€121,000|
|4-bed semi out of town,||€90,000||€93,000||€97,500|
|3-bed bungalow in town,||€90,000||€105,000||€110,500|
|3-bed bungalow outside town,||€100,000||€115,000||€121,000|
|4-bed bungalow in town,||€120,000||€140,000||€147,000|
|4-bed bungalow outside town,||€105,000||€125,000||€131,500|
|"Detached 2,000+ sq ft",||€180,000||€188,000||€197,500|
"These are people who wouldn't have got into stocks and shares and are fed up with the lack of return on deposits."
While the average two-bed apartment has appreciated by 15% over the last 12 months, Farrell reports that prices have increased less at the upper end of the market.
Prices are stronger in towns than in more rural locations in this county which took a hammering in the bust.
UK buyers have been less in evidence than Farrell expected given the strength of sterling and the increase in the value of property in the south of England.
"There is a real shortage of four and five-bed detached houses on their own ground which have been done up with a bit of style and flair.
The family homes in the Priors Point development in Carrick-on-Shannon were snapped up in September 2014.
Three and four-bed bungalows in town are also in demand," said Farrell.