Canalach development continues to sell, despite difficult climate

Ballinasloe's exciting, modern, architecturally designed Cuil na Canalach development at Pollboy in Ballinasloe, is continuing to experience high levels of buyer interest, and continuing steady levels of sales, despite the general air of doom and gloom surrounding the general economy, and the property market in particular. Cathal O'Malley, director of local development company Comrad Holdings which is developing the project smiles as he notes that it is not entirely unprecedented for Ballinasloe to buck the national trend, remembering how the town thrived during the 80s while the rest of the country experienced recession. 

He hopes that the recent successes experienced in the town with the The Carlton Shearwater Hotel, the initiation of construction on the new retail park with Tesco as anchor tenant, and the many other successes of the town will herald another prosperous phase in the town's development.

The excellent schools, hospitals, and ammenities of the town provide sources of employment as well as centres for community development, ensuring that people who choose to live in Ballinasloe benefit from a quality of life that encompasses much more than just a house within commuting distance of anywhere.

The ethos of community development, is translated into the Canalach development itself, as the layout of the development ensures that the large open areas are the focal point, and such historic features as the Grand Canal bridge are restored and integrated into the development, as is the canal itself. The bridge now provides pedestrian access to the town centre via the Shearwater Hotel. The houses are designed to ensure that maximum use of natural light gives a bright spacious feel to all of the houses, and visitors all agree that the bright and open layout combine with the impeccable high standards of finish make these homes stand out as an excellent home choice.

The earlier phases of the development sold out quickly during 2008, and whilst Cathal admits that sales have slowed in the past three months, he is quietly confident that aspiring home-owners will be quick to pick up on the value being offered in the mortgage market at the moment, and will secure their home in the final phase of this development. 

Cathal believes that the existing homeowners are the most effective sales team, with many enquiries emanating from family and friends of existing homeowners. Added to this, Comrad are being quite pro-active in attempting to bring potential customers on board. The Comrad price guarantee has been introduced to allay any concerns about dropping house prices (Comrad will refund any price drop to purchasers who purchase during 2009 ), whilst the Rent to Buy scheme has been made available on a limited basis to those who expect to qualify for a mortgage within 12 months (this scheme acts as a deposit saving scheme ). 

Comrad has lined up with AIB to bring mortgage finance to its customers, and its other partnerships with Eircom, Sky, and its energy partners Bord Gais, and IJM timber frame, should ensure that low cost finance, and minimal running costs will make these homes very good value over the lifetime of their owners.   

Cathal can be contacted directly on (086 ) 2644517. For more informtaion log on to www.comrad.ie  

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