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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. 

Half of potential first time buyers say they intend to purchase a property within the next 12 months with falling house prices remaining the key factor influencing the decision to buy, according to the latest market report from Rooney auctioneers. Availability of suitable property and overall economic conditions were cited as the next most important factors.

A public meeting to discuss the possibility of setting up a Galway Mortgage Holders Association to represent the growing numbers of mortgage holders getting into difficulties will be held this Monday in the Westwood Hotel at 8pm.

Rent-to-buy schemes

A first-time buyer is someone who hasn't previously, either individually or jointly, purchased or built, on his or her own behalf, a house in Ireland or abroad. Where there is more than one purchaser, each must come within the scope of the definition in order to avail of stamp duty exemptions. In addition, it must be your principal private residence and no rent, other than rent under the stamp duty rent a room arrangements, can be derived from the property for two years after the date of the current purchase.

A first-time buyer is someone who has not previously, either individually or jointly, purchased or built on his or her own behalf a house in Ireland or abroad. Where there is more than one purchaser, each must come within the scope of the definition in order to avail of stamp duty exemptions. In addition, it must be your principal private residence and no rent, other than rent under the stamp duty rent a room arrangements, can be derived from the property for two years after the date of the current purchase.

Mayo homeowners who run into problems with their mortgage repayments will have extra protection under measures committed under the Renewed Programme for Government, according to Fianna Fáil TD Beverley Flynn.

Mayo homeowners who run into problems with their mortgage repayments will have extra protection under measures committed under the Renewed Programme for Government, according to Fianna Fáil TD Beverley Flynn.

Following a dramatic price reduction in the exclusive development at The Orchard, Moylough, prior to Christmas, Tony Joyce has reported that the dramatic reduction in prices enticed a huge number of enquiries for the remaining properties and that six individual houses were sold within a week, proving that while times in the property market remain difficult, when a property is priced at a significantly reduced realistic price the level of interest is immense.