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Cork or Wicklow Buy to Let

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  • 05-05-2017 10:57am
    #1
    CorkPedro
    Registered Users Posts: 2 ✭


    Hello all - I've been following the property market for a while now and am at a point where I'd like to jump back in with a buy to let property; my question: Cork has been good to me over the years and there is reasonable value in the likes of Douglas, Rochestown etc. That said, I can see some benefit to investing in an apartment somewhere like Greystones which is relatively commutable to Dublin and imo a nice little village - so, all things being equal: equivalent price of a three bed townhouse in Douglas/Maryborough Hill/Rochestown and a reasonably sized 2 bed apartment with a reasonable view in Greystones - and equivalent rental returns on both, which would you go for? Cork or Wicklow? Any opinions to get me to a conclusion are appreciated.


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    #2
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    What has informed your decision that now is 'the time' out of interest? It would seem to be a terrible bloody time to me.


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    #3
    CorkPedro
    Registered Users Posts: 2 ✭CorkPedro


    It's a long term investment - yields reasonably healthy in both locations and I still think there is value out there. Why do you think it's such a terrible time to invest?


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    #4
    punisher5112
    Registered Users Posts: 24,644 ✭✭✭✭punisher5112


    Wait for the crash. Prices can't continue like they are and rental prices are through the roof pun intended....


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    #5
    Samuel T. Cogley
    Registered Users Posts: 10,684 ✭✭✭✭Samuel T. Cogley


    CorkPedro wrote: »
    It's a long term investment - yields reasonably healthy in both locations and I still think there is value out there. Why do you think it's such a terrible time to invest?

    Current upswing in prices and the anti-LL sentiment and legislation.


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