Buy-to-let investors watch interest rates
One of the main problems is that potential tenants are offering 40 to 50% below the market rate. They are viewing properties available at around €1,000 a month and offering €600 per month and wanting a three to six month contract, according to those posting on the propertysecrets.net forum.
One investor who has received these kind of offers said he has declined but warns others that some property owners and agents are accepting these very low rates even in sought after areas such as the Old Town paved area.
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