Sligo Property – DNG Flanagan Ford – Spring Sale 2009!!

DNG Flanagan Ford launch a major sales campaign with a Spring Sale offering superb substantial reductions on a large number of houses in order to bring more sales to the Sligo City & surrounding countryside housing market. Economists in most sectors of the market have been predicting further drops in housing prices over the next 12 months & DNG Flanagan Ford have taken that on board & after a large number of meetings with discussions with our numerous clients, we have re-appraised the properties on our books & advised on repositioning them in the market with revised valuations.

“We are simply responding to the feedback we are getting in the market-place” said Shane Flanagan of DNG Flanagan Ford. “All the major websites together with the printed media, TV & radio have been reporting on the fall in property prices together with predicting further falls. What we are trying to do is reposition our current properties to reflect current market conditions showing substantial reductions from prices at the peak of the market & in some cases in excess of 30% has been taken off these prices. We feel that this is sure to drum up large demand from property buyers, especially first time buyers looking to get a foot on the ladder.”

“First time buyers have never had it quite so good, as mortgage rates have almost halved & mortgage interest relief for first time buyers has almost doubled. This, together with the dramatic price reductions, we feel has given the first time buyer market a tremendous lift. As a result of the price drops we have already sold a number of properties in the past number of weeks” continued Shane Flanagan. First time buyers now have a range of properties under €200,000 & this is something that we could not say in Sligo for quite some time.

DNG Flanagan Ford are forecasting a levelling off in the property market in the 3rd quarter of 2009. This will be caused by the dramatic reduction in the number of houses which are being built which will eventually lead to a drying up of the housing stock, where demand will again meet the supply after the price reductions are being factored in.

“We believe that the credit-crunch could possibly have a positive impact on the property market, with the effect of causing prices to correct themselves even quicker than would normally happen after a property bubble bursts. The price correction that is happening in the property market is unprecedented in its severity & speed. Prices have dropped by, in some cases, up to 30% which has now brought real value back into the market-place” continued Mr Flanagan. DNG Flanagan Ford feel that they are not trying to force the sales, but are simply responding to the market conditions which prevail at the moment. This will surely be good news for anyone considering purchasing in the current climate.

Friday, February 27th, 2009, by admin and is filed under "Property ". You can leave a response here, or send a Trackback from your own site.