Are one bed apartments hard to sell?

I would think your agent is right. Most people will try to squeeze another 50k from somewhere to buy a 2 bedrooms place... There is not much monetary difference between one bed and 2 beds

Some banks won't give a mortgage on a one bed apartment, and those that do often won't give 90% LTV.. usually max 80%, so a first time borrower would need double the usual deposit percentage.

Councils should be biting your hand off to buy this, there's always a huge demand for one bed units but so few being built

Is the prospective agent saying they don’t want the sale at all? If stated as baldly as you have there then it sounds like someone who is not willing to make sufficient effort. 2 bed apartments have a wider market that can include families but many young couples will still prefer a one bed so that they don’t have to deal with the hassle of sharing. Nothing is ever simple but I would gauge the agent’s attitude. If it’s just a caution that it might not run out the door then that’s fine. If he’s saying I’m doing you a favour by taking this on then choose another one.

perhaps it's time to get another Agent.

A 1 bed in my apartment complex (in Dublin 1) sold for 270K at Christmas. About double what they were going for 7-8 years ago. Definitely a market for it if it's in a desirable location.

I'd say, it depends on the location and the floor plans.

In a city an one bedroom is probably an easy sale, out in the country people would expect a bit more in terms of rooms and size.

Sold my 1 bed apartment in D15 2 years ago.

Put up for sale at price recommended by auctioneer, got asking price offer less than 2 weeks later. Strong demand if in right area.

My two most recent rental vacations were from one bedroom apartments. Each were sold very quickly and had lots of interested parties according to my landlord.

The estate agent is right. I'm a first time buyer in my early 30's and I started talking to the banks about a mortgage about a year ago. At first I was interested in a one bed apartment however all the main banks told me that one bed apartments are hard to re-sell and to focus on buying a two bed. They all said it was a 10% deposit for a 2 bed apartment however for a 1 bed apartment some wanted a deposit of 20% and one of them actually wanted a deposit of 30% because the apartment I was interested in was not in Dublin. I think young couples will prefer houses and single people will prefer 2 bed apartments over 1 beds. I hope you have success selling your apartment but yes apparently they are harder to sell if only one bed.

Yes and no, in today's market you can sell a garden shed as a family home for 4.

But the market may shift, lenders have in the past refused to lend for a 1 bed apartment I had that clause with Ulster bank. If those rules cut potential buyers out for you, supply and demand dictates you're losing value. You just won't see that right now because there is a massive undersupply, 20 takers for every property and 3 lenders for each of them willing to take the business.

You are correct. My sister just sold 2 one bed apartments in Feb. I know several people who are buying one bed apartments. Its the easiest way out of paying rent. Sometimes you cant stretch any further but you will buy a one bed to get out of renting.

Councils and charities are buying them up like mad too, though my sister woudlnt sell to the council for various reasons.

I am currently sale a greed with a 2 bed to the council and the solicitor was telling me they are buying all 1 and 2 bed apartments they can get their hands on.

I think you wont have any problem selling a 1 bed