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Investor vs Owner Occupier

The majority of these buyers are looking for an investment property, but 45% are buying a property for their own use.

Source of Finance 

We asked about the main source of finance for the purchase – almost ¾ are majority cash buyers.  

First or Next Time Buyer 

Most of them are trading up or buying an investment property – while only 22% are first-time buyers.  

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"It hasn't been boomy enough for there to be a bust yet. Prices will go higher before a drop."

"Government supports for older, vacant properties are not being granted – but vendors seem to be factoring in the full grant award as if it were a sure thing! "

"Residential tenancy legislation will have to be rewritten to bring property owner rights up to parity with tenants."

"Residential properties are currently 30% over valuations. People who want to buy are waiting on the sidelines for a price correction."

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Asset Type  

More than ¾ want a residential property, almost 50% of whom say the BER rating would impact on their decision to purchase. 63% of that group are seeking an A or B rating. 

Vacant or Tenanted 

Almost ¼ of those seeking an investment property don’t mind whether the asset is vacant or tenanted, but most would-be buyers are looking for a vacant property.

Property Value

More than half of buyers are looking at properties under €250,000, while only 12% are considering a property costing more than €500,000.

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"Over the long-term, property investment done wisely and based on repayments of Interest + Principal will seldom go wrong." 

"Prices are now at 06/07 levels. That means that prices haven't risen in real terms in 17 years which indicates substantial further growth potential in the near future."

"Properties with under C1 BER ratings are grossly over-valued in my opinion. Given current construction/renovation costs, these properties don’t represent a good investment."