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Gems in the Emerald Isle are often new-build!

Amy Baker

An increasing number of British and Irish migrants buying in Ireland today are discovering that often the best deals are in new-build homes, on small developments in rural locations.

John Prunty, who is Irish, and wife Alison moved into a new three-bedroom detached home in Wexford in December, attracted to the Emerald Isle by its more relaxed lifestyle.
The couple, who were living in London, paid €155,000 for their new Irish home, which they bought in cash with the proceeds from the sale of their UK home.

“Our property, which we bought through local agent Brian Wallace, is in a small cul-de-sac and is just eight years old,” said Alison. “It comes with three bathrooms, a garden and driveway.”

Wexford is a favourite with UK buyers, thanks to its easy access from Britain via the ferry and air, and its climate. In fact,  it is sometimes referred to as the ‘California of Ireland’.
“There is a huge variety of properties on the market here too,” adds auctioneer Brian Wallace, based in Wellingtonbridge. “They range from investment to residential, not forgetting old derelict cottages crying out for renovation. Most of the buyers that we see are families with young children, recently retired couples and those looking to purchase investment property.”

When they bought their Irish home, John and Alison discovered an increasingly popular way emigrants and overseas property purchasers are saving money - they used a firm that specialises in international payments to exchange their pounds into euros and transfer them from the UK to Ireland. 
“We used Smart Currency Exchange to transfer our money to Ireland,” added Alison. “Initially we sent €5,000 over and then the final balance for the purchase of the house. This decision saved us a considerable amount of money and hassle, and we’ll be using Smart again.” Smart Currency Exchange consistently offers better exchange rates than high street banks for currency transfers between the UK and Ireland, or any other countries.


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