We own an investment apartment in Finglas for the last 3 years. It is now worth 280,000 - bought for 225,000. We were going to sell it and buy a 4 bed house in Clifden town (280,000) for a mix of holiday lets and some longer term winter lets.
The purchase has been delayed on Clifden and it is making me consider which is the best long term investment.
On the one hand I am afraid the apartment in Finglas might be peaking in value now. It could come under rental income pressure from the hundreds (thousands!) of new units being built in the area and also on resale value if interest rates were to have an impact.
On the other, short term letting is more hassle increases in value will not be as strong as in Dublin etc. but it will be a house which should hold it's value better than an apartment?
Any advice??