Thursday 18 January 2018

Cash purchases are on the rise

Cashel, Tipperary South
Cashel, Tipperary South

TIPPERARY SOUTH

Clonmel, Tipperary Town, Cashel, Cahir, Carrick On Suir, Fethard.

No Change

One Year Forecast: Up 3%

Average: €130,000

Assessing Agent: Stokes & Quirke

The Market:

Activity is up but prices remain depressed across the board with demand concentrated only on properties in the 0-€150,000 bracket. Homes above this mark are selling slowly and usually only when discounted.

Most of what is being sold is being snapped up by first-time buyers for cash – the most popular choices are discounted properties in urban areas in need of some remediation. Houses in towns such as Clonmel, Cahir, Cashel and Fethard are also finding favour with investors for their rental potential but the prospect of management fees have made pariahs of apartments.

Many small cottages in rural areas are finding favour with UK retirees, keen to avail of the tax breaks for ex-pat pensioners.

Auctioneers have noticed a far more educated class of buyer who have done their homework.

The Prices:

2-bed apartment:

Jan 2013: €40,000

Jan 2014: €40,000

Jan 2015: €41,000

3-bed terrace:

Jan 2013: €75,000

Jan 2014: €75,000

Jan 2015: €77,000

3-bed semi in town:

Jan 2013: €105,000

Jan 2014: €105,000

Jan 2015: €108,000

4-bed estate house in town:

Jan 2013: €155,000

Jan 2014: €155,000

Jan 2015: €160,000

3-bed bungalow outskirts of town:

Jan 2013: €165,000

Jan 2014: €165,000

Jan 2015: €170,000

3-bed bungalow out of town:

Jan 2013: €145,000

Jan 2014: €145,000

Jan 2015: €149,000

4-bed bungalow outskirts of town:

Jan 2013: €180,000

Jan 2014: €180,000

Jan 2015: €185,000

4-bed bungalow out of town:

Jan 2013: €160,000

Jan 2014: €160,000

Jan 2015: €165,000

Irish Independent

Promoted Links

Life Newsletter

Our digest of the week's juiciest lifestyle titbits.

Promoted Links

Editors Choice

Also in Life