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Archive for October, 2010

Latest Edition of DNG Express Now Available at DNG Flanagan Ford

DNG Express is an all encompassing property paper with properties listed from across the length & breadth of the country. Douglas Newman Good has a very strong presence nationwide with branches in all major towns & cities, along with 17 branches in Dublin. DNG Flanagan Ford have 2 pages of properties & sites listed in this paper ranging in prices from €50,000 & upwards. Even if you are not sourcing a property in Sligo, you will find information on available properties throughout the country & contact details for excellent property sales teams in each area.

Keith Lowe, CEO of DNG, used an excerpt from an article which recently appeared in the Wall Street Journal as the opening message for the latest edition of DNG Express. The article was entitled “10 Reasons to Buy a home” & was in response to specific negative media sentiment in Time Magazine. The property market in many parts of the USA has been hit severely & in some cases harder than Ireland. The 10 reasons given in the Wall Street Journal article apply to this country also & the following is Keiths take on the reasons why:

You can get a good deal – Property prices have virtually halved in Ireland. Similar to America there may still be a little further to go but you’ll never catch at the bottom & according to the WSJ “it doesn’t really matter so much in the long haul”, a comment I would echo.

Mortgages are cheap – At the date of this article a first time buyer can obtain a mortgage through Irish Nationwide Building Society at 3.7% fixed for three years or at a variable rate of 2.9% through the Home Choice Loan. It was not that long ago when mortgage rates were twice the current price.

You’ll save taxes – Similar to the USA, first time buyers buying their home can qualify for attractive mortgage interest relief on their mortgage repayments and there is no capital gains tax when they sell in the future.

It’ll be yours – You can have the kitchen & bathrooms you want – You can move the walls or tear up the garden! You cannot do this if you are renting!

You’ll get a better home – Buyers are in a very strong negotiating position & with much lower prices, purchasers can buy a home that they would not have been able to afford in the past & in their chosen location.

It offers some protection against inflation – Over the long term property prices have always beaten inflation especially if you are young & looking at staying in your home for 20 or 30 years.

It’s risk capital – Your home is not stocks & shares but the economy will surprise you & start growing at some time in the future. Sooner or later property prices will rise again too & I bet it will be quicker than you think!

It’s forced savings – By paying a mortgage, which in many cases is higher than your rental cost, you are essentially saving for your future. The part of your mortgage payment that goes against principal is not a cost as you are building equity in your home.

There is a lot to choose from – It differs depending on the locality in Ireland, but there is quite a lot of good property to choose from at the moment. This will change when the market improves, but at the moment this means great choice at great prices!

Call to DNG Flanagan Fords office at Shell House, Wine Street to pick up your copy of DNG Express today. All of our properties are also listed on our website at www.dngflanaganford.ie