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House Prices Go Up and So Could Property Franchises

Irish residential property prices are expected to rise by 6 per cent this year, according to a new Standard and Poor’s (S&P) forecast which suggests Irish GDP growth will be between 0.3 per cent and 0.7 per cent lower next year due to Brexit.

The study suggests low lending rates should keep Europe’s housing market recovery on track this year with activity expected to continue to expand in nearly all major European countries.

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The German housing market is forecast to show the strongest growth in 2016, with prices up 7 per cent. Ireland will see the second strongest growth rate in Europe, with prices rising 6 per cent. S&P also predicted Irish property prices would rise by a further 2.5 per cent in 2017 and by 3 per cent the following year.

“Although Ireland’s economy has tight economic ties with the UK, we expect its housing market will continue its robust recovery, with prices growing by 6 per cent this year, aided by the ongoing improvement in the labour market and a housing supply shortage,” the ratings agency said.

S&P said it expects Irish GDP growth to be between 0.3 per cent and 0.7 per cent lower between 2017 and 2018 due to the impact of Brexit.

“GDP should continue to grow at, under the circumstances, robust rates of 4.6 per cent this year, 3.2 per cent next year, and 3 per cent in 2018. This relative slowdown in growth, due to the Brexit vote, explains to a large extent the deceleration in house price inflation in our forecast. In addition, tighter mortgage underwriting standards recently introduced by the Bank of Ireland, are likely to continue to have a dampening effect on house prices,” the agency said.

It’s clear that the real estate market is picking up again after the recession, with low interest rates promoting home ownership, and real estate franchises are poised to take advantage of the rebound. Real estate franchises offer buyers a packaged business operation and built-in name recognition, as well as national advertising paid for by the franchiser. Many franchise packages also provide promotional materials, hardware and business software, and corporate training.

It's not difficult to buy a real estate franchise so long as you do the right research and follow some important steps.

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Property and Real Estate Franchise Opportunities with Franchise Direct

There are a number of different option you could pursue, the most obvious option being of course the traditional estate agent. Currently, we’ve an option with BeckettHanlon.

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BeckettHanlon's Franchise Partners have access to an exclusive worldwide portfolio of first class properties. This means you will be able to show your clients some of the best properties in the world, with total faith in the outstanding quality and pedigree of our property offer. Their ethos is to match the right property with the right buyer, and that is why all our Franchise Partners have the option to access our database of worldwide prospects – potential buyers who are in the market for the kind of properties they are able to provide.

It adds another layer of reassurance for Franchise Partners and gives them even more opportunities to grow their business.

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