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.

Price

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.

Sleeve

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.

Boom

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.”