Posted by Scott on June 4, 2010, 1:49 pm, in reply to "Re: Cork second home"
159.134.204.140
My wife and her sisters love the Sheepshead peninsula to the west of Bantry. It's the middle of the three fingers pointing outward into the Atlantic along the west coast of Cork. They go vacationing there every June for 3 weeks around Kilcrohan and Ahakista. It's hard to avoid a sea view in this area.
However, be advised that prices are still falling. The west Cork area has a lot and a LOT of second homes owned by people from all over the planet, so prices won't fall as far as in other parts of Ireland. Nonetheless, there's pretty general agreement that prices haven't hit bottom yet.
And, since the banks are broke, they have no money to lend to speculators. Since speculators and easy, easy credit were what drove the last bubble, we can be fairly sure that prices, even when they stabilise, won't rocket skyward again.
So, when you find your dream home AND you have the money, great. But, don't feel pressured to settle for some place that's not your ideal just to get into the market. There is no market.
Scott
--Previous Message--
:
:
: --Previous Message--
: A and I are traveling to Ireland this
: Sept and have been there many times. We are
: getting serious about purchasing a second
: home there and would appreciate any advice
: regarding:
: 1. Special issues relating to having a
: second home in Ireland while maintaining US
: citizenship
: 2. Recommendations on areas of county Cork
: for houses with (as many would likely
: desire) good sea views. We don't want a big
: place (3 bedrooms would be nice) but the sea
: view is a perceived must.
:
: Thanks for any help
:
: Hey Paxton,
: I can speak to where - we lived for 6 months
: in Ballycotton - it and nearby Garryvoe are
: sheltered by the Bay, have beautiful views
: as well as a "cliff walk" and
: wonderful village folk.
:
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