Daft Property - Irish Property News

Thousands of Irish people who bought homes abroad, for their holidays or as a pension, are selling up – if they can UP TO HALF or more of the Irish people who bought properties abroad during the Celtic Tiger years may now be trying to sell them, according to estimates by estate agents. Their success or failure – and whether they sell at a loss – depends on where they bought and when. “Of the 250 Irish people who bought properties through us between 2003 and 2008 along the Promenade des Anglais in Nice, between 50 per cent and 60 per cent are now selling them or have sold them,” according to Kirkor Ajderhanyan, director of Agence 107 Promenade, an agency which specialises in selling properties with sea views on Nice’s seafront. “There were so many of them that we used to call it the Promenade des Irlandais at the time. But most will make an average gain of 25 to 30 per cent,” he claims. On the other hand, Irish agent Hilary Larkin, who sells properties in nearby Cannes, says tha