Search Results for 'Help to Buy'

There is welcome news in the housing market in Galway with the launch of Garraí na Gaoithe, an exceptional new homes scheme of stylish and contemporary two, three and four bedroom, A-rated houses. Located in the heart of Claregalway village, Garraí na Gaoithe, is set to bring 72 new, privately owned, houses to Claregalway with the first closings expected in early 2025.

The Galway property market is continuing to experience a significant shortage in supply, particularly impacting first-time buyers seeking homes in the city area. Local real estate agent Deirdre D’Arcy, of DNG Maxwell, Heaslip & Leonard sees first-hand the current challenges facing prospective homeowners. The growing demand for housing in Galway, coupled with limited supply, has created a competitive landscape, especially for those entering the market for the first time. "The lack of available properties in the city area is putting immense pressure on first-time buyers, many of whom are struggling to secure suitable homes within their budget," she said.

New figures from specialist later life lender Spry Finance show that the number of older people releasing equity from their own home to help their children get on the property ladder has increased significantly.

In the past 12 months, DNG Maxwell Heaslip and Leonard’s Residential Sales division had another promising and positive year, listing circa 230 properties across Galway city and county. With 92 per cent selling in the first four weeks of going to the market and over 60 per cent of them achieving figures above their initial guide prices, the residential property market in Galway continued to show a positive and steady growth.

The years of 2024 and 2025 are set to be an exciting and busy time for new Homes in Galway city and county.

The new homes section of O’Donnellan and Joyce have had a very successful year with five new developments offered for sale across the city and county in areas such as Knocknacarra, Moycullen, Oranmore, Kinvara, and Craughwell.

The Help to Buy Scheme should be extended to first time buyers who purchase derelict sites, and that such sites be exempt from planning and development charges.

IPAV, the Institute of Professional Auctioneers and Valuers, has welcomed the €5.2 billion funding package for the Housing Department and the extension of the Help-to-Buy (HTB) scheme to the end of next year.

IPAV, the Institute of Professional Auctioneers and Valuers, which called in its pre-Budget submission for the Help-to-Buy scheme to be extended for a further two years has welcomed the decision of the Minister for Finance to do so, saying the scheme is central to giving confidence to a market that it is “extraordinarily difficult for first-time buyers and for smaller builders/developers,as opposed to the few dominant strongly capital backed players.”

Ashthorn Avenue, located in Headford, Co Galway, is a new development of spacious four bedroom, semidetached, homes. Representing excellent value for money, these energy efficient A-rated homes are both stylish and modern, yet at a price point that will not break the bank. Since launching to the market last month by joint selling agents, DNG Maxwell Heaslip & Leonard and Gerry Mullin auctioneers, Ashthorn Avenue has garnered much interest, while the fully furnished show house has been described as “just beautiful” and “absolutely perfect” by viewers.