Buyers are willing to take the plunge, but banks aren’t lending

Because of the huge drop in property prices, first-timers nationwide would like to buy, but many can’t raise the money, writes Michelle Devane

5th December, 2009

It has been well documented that all sectors of the Dublin property market have experienced a turbulent year. But while the rest of the country has also experienced a difficult 12 months, some regions have not been hit quite as hard as the capital.

In Galway, Tony Kavanagh, of Sherry FitzGerald Kavanagh, said the market had been difficult in the first half of 2009,but had finished on a better note. ‘‘Vendors had hoped there would be...

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