Published on November 24th, 2016 | by sligoadmin0
Sligo Developer Slaps Immediate 10% Price Hike on House Prices
Central Bank Bonus for Developers
Just hours after the change in the lending rules made by the Central Bank a local developer has pounced taking full advantage of the measure.
The rules have been relaxed significantly allowing first time buyers to only need have a 10 per cent deposit on the asking price when applying for a mortgage.
The move has been hailed by observers as a pay day for developers – “It’s an early Christmas for these guys,” said one analyst who shook his head forlornly and laughed up his sleeve.
The anonymous developer spoke to SligoSligoNews last night and gladly stated, “The good times are back again. Boys oh boys the boom is back on. Let the good times roll. All we need now in Fianna Fail back in power for things to get back to normal.”