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The Irish Times
Thursday, February 7, 2008
Key the words "London" and "investment property" into Google and you get a
staggering 2.2 million entries. That's just a bit more research than most people
are willing to do in their search for a London bolt-hole. In fact many potential
buyers simply give up because they don't know where to start, according to
Patrick McCarthy, right.
"London is so big that buyers can waste a lot of time just getting from one side
of the city to the other on the hunt for a suitable investment," says McCarthy who
has set up Property Finders London to help.
A former property journalist with a degree in business, he renovated a string of
properties in Ireland, before heading to London to buy investment property there.
It took a while to find the right property but once he did, people started to ask
him to find one for them too.
Armed with a laptop, an A to Z map and a good nose for a deal, McCarthy is
aiming his service at the wealthy Irish who are cash-rich and time-poor.
"If such a service had existed when I started looking, it would have saved me
time, money and a lot of stress," he says. His service involves searching out a
suitable list of properties for viewing, and walking the client through each one.
"Good investments can be had in the city from £220,000 up to many millions,
and with the current strength of the euro, it is a good time for the Irish to buy in
London. With the Olympics in London in 2012, the city and its property market
should also prove a winner."
The fee charged is less than 1 per cent of the overall purchase price, and
includes an initial consultation and property selection fee.
www.propertyfinders-london.com
© 2008 The Irish Times
http://www.ireland.com/newspaper/property/2008/0207/1201903620324.html
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www.irishpropertynews.ie/2008/02/11/london-calling/
Irish Property News
News Release: London Calling
A new property sourcing firm has been established specifically to aid Irish
investors purchase in London.
The business, known as Property Finders London was set up by Irishman and
investor Patrick McCarthy who has been through the rigors of a property
purchase in the UK.
Property Finders London is a one-stop shop for time-pressed Irish investors
keen to buy in the world’s most exciting city.
The business offered is a personally delivered on-the-ground service, lining up
suitable investment properties for the client to view.
Would-be investors can meet with a company representative in Ireland who will
advise them before they make their first guided property inspection in London.
Would-be buyers will be collected from their hotel and personally taken to view a
range of pre-selected properties which match their criteria.
Property Finders London works for the investor, not the seller, and it is a
completely independent operator catering specifically for the investor, big or
small.
London, with a population of 7.5 million, is one of the world’s most stable and
rewarding property markets. However, the market with its 32 diverse boroughs
can be an investment minefield, even for locals.
Good investments can be had in London from £200,000 up to many millions of
pounds, and with the current strength of the Euro it is a great time for the Irish to
buy. With the Olympics in London in 2012, the city and its property market
should also prove a winner.
“I’ve been involved in property investment in Ireland over the past five years, and
more recently in the London market. It is because of my own experience
purchasing, and just how much knowledge that was required in such a diverse
market, that I saw the clear need for such a hands-on service for other Irish
buyers’’ explains Patrick. ‘’If such a service had existed when I started looking,
it would have saved me time, money and a lot of headaches’’ says
businessman Mr McCarthy.
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