Tuesday January 21, 2020

Residential Investment: Waterford market's upward curve

The investment market in Waterford is warming up, but a shortage of properties in turnkey condition is a factor.

13th October, 2012
2
Three-bed apartment in Neptune House, Canada Square, Waterford city: newly-decorated, guide price €55,000, rental potential of €550 a month.

The investment market in Waterford is warming up, but a shortage of properties in turnkey condition is a factor.

Barry Murphy, of Barry Murphy Auctioneers, said he had seen a marked increase in investor interest in Waterford properties this year. Realistic expectations and pricing have led to the closure of more sales by his agency business than in 2011. Cash-buying is prevalent - 70 per cent of Murphy's recent transactions have been cash payments.

"Prices are so...

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