Thursday, 23 October 2014

Cautiously optimistic for 2011 – P. Burke

Sherry FitzGerald P. Burke is a long established estate agents in Roscommon Town and is part of the Sherry FitzGerald Group. Founded in 1982, Sherry FitzGerald has grown to become Ireland’s largest firm of estate agents with over 100 owned and franchised branches throughout Ireland. They are affiliated to Marsh & Parsons in London, which have a dedicated Irish Desk for people in London looking to move to Roscommon. Sherry FitzGerald P. Burke are also affiliated to Christies Great Estates who specialise in the sale of luxury international real estate.

Padraig Burke, Managing Director of Sherry FitzGerald P. Burke this week said he is cautiously optimistic for 2011 and believes that prices will gradually stabilise in 2011. There has been increased market activity between 2009 to 2010 and P. said this was due to the year-on-year reduction in real estate prices, which has generated growing interest in property as values have fallen.

They company has seen the sale of new houses in residential developments in Roscommon town and further afield, including Shannonside and Cluain Dara estates in Ballyleague. Shannonside, a residential development of 18 houses comprising of two, three and four bedrooms houses in Ballyleague, with only three houses remaining with a three bedroomed showhouse reduced to sell at €100,000. Shannonside is a fully complete development overlooking Lough Ree. Cluain Dara, a residential development in Ballyleague off the Strokestown road has only one house remaining. The three bedroomed semi-detached house is priced to sell at €97,500 and boasts fitted kitchen etc.

P. Burke has also reported that there is strong interest especially in the purchase of quality parcels of agricultural land in Co. Roscommon following the sale of various holdings through Co. Roscommon since the start of the year. The fall in the price of land in recent years has given an opportunity to farmers to increase their farm holdings and can also seen as a good investment for people. There appears to be farmers looking for small holdings of 10-15 acres to 50-100 acres. Padraig believed that agricultural land prices had risen slightly in recent months given the growing interest in the purchase of land.

Since starting out in business, Padraig said every year, there always is demand for the lease of agricultural land in all locations throughout Co. Roscommon, be they small or large holdings and he currently has a considerable amount of land leased for clients throughout Co. Roscommon. Small and large holdings of land are being sought for lease in all areas of Roscommon. For details on the leasing of land, contact Sherry FitzGerald on (090) 66 27200.