13 Jun 2017
Sligo is a magical place to live; there’s a spot in the shadow of the mountains that proves it. The “Magic Hill” is one of those rare places where a car will roll uphill if you turn off the engine. That’s not something you see every day.
Of course, there’s more magic to Sligo than magnetic fields. It’s a place that’s steeped in culture and music but strongly influenced by the sea and coastal life. Here’s just a few reasons why it’s a great place to live, and great for home buyers too.
Sligo’s natural attractions
Sligo is on the “Surf Coast” section of the Wild Atlantic Way but it’s been known as an Irish surfing Mecca for years. It’s renowned for its world class waves and surfers flock to Strandhill, Enniscrone, Mullaghmore, Pullaheeney Harbour and Easkey.
Sligo is a great place for fishing, coastal walks, horse riding, sailing, diving or a relaxed seaweed bath. Ben Bulben is Ireland’s most distinctive mountain, forming part of the county’s hiking backbone.
Great value on Sligo properties
The average asking price for a property in Sligo is €114,000, according to the latest Daft Report, making it one of the cheapest places to buy a property in Ireland.
“Last year, it would have been probably 65% first time buyers to 35% second time buyers,” says Niall Brennan, Manager of EBS Sligo. “It’s now 50/50. The active market would be for self builds because housing stock is quite low at the moment. Building your own house is the dream for many people and Sligo is a great place to do it.”
According to Niall, prices have risen by 3% in the last year (due to demand), but it’s still a great time to buy. Niall adds that buyers could get a house on an acre of land in rural areas for the same price as a two bed semi-detached house in Sligo Town.
Employment in Sligo
Sligo’s major employers include Abbott Laboratories, AbbVie, Stiefel, Sligo University Hospital, Sligo IT, B Braun Hospicare, Institute of Technology Sligo, Avenue Mould Solutions and Protek. This provides employment for people in Sligo and in the wider catchment area. Recent job announcements from Fastcom, GlaxoSmithKline and AbbVie have given the region a further boost.
Sligo for commuters
As a transportation hub for the North West, Sligo has a rail, road and air infrastructure that makes the town easy to access. It attracts commuters from rural Sligo and beyond.
“We’ve a lot of people that are travelling into the town for work,” says Niall. “Sligo is easily accessible from Westport in Mayo, South Donegal, Roscommon and other counties outside of Sligo. We’d also have people that live in Sligo and commute out from here. People living in Sligo work in Harmac in Castlerea, Abbotts in Donegal Town, Pramerica in Letterkenny or even Enniskillen.”
The arts and cultural scene in Sligo
It’s probably no surprise that a place known as the Yeats Country has a vibrant cultural scene. It may be best known for its association with WB Yeats and his brother Jack but the likes of Hawk’s Well Theatre, the Model and Niland Gallery, the Blue Raincoat Theatre and the Yeats Society provide events throughout the year.
“We’ve a very strong artistic community and a vibrant, strong music scene,” says Niall. “Major events include Sligo Live and other festivals but we also have a fantastic pub scene.” Popular tourist attractions include Lissadell House, Sligo Abbey and Yeats’ grave at Drumcliff.
It’s great for families
Sligo is a fantastic place to raise a family, with the sea right on your doorstop. Popular areas outside the town include Rosses Point and Strandhill, although these are more expensive. Niall says that families can still find great value properties in South Sligo. The average gross earning for a working couple buying their first house in Sligo is €65,455, according to the EBS DKM Irish Housing Affordability Index.
The town’s educational facilities include great schools, the Institute of Technology and St Angela’s College. It’s a sporty town, with Sligo Rovers playing top flight football, Connacht Rugby flying high at the moment and strong GAA and athletics traditions. Local clubs also cover sports like golf, tennis, badminton and water sports.
The Sligo lifestyle
Sligo is a charming town that offers shops, great amenities and employment within 10 minutes of a blue flag beach. The county’s compact size means that the beaches, mountains, lakes and other scenic attractions are all within easy reach. Your money also goes further in terms of the type of properties you can afford and the life you can lead.
Sligo’s wide appeal can be summed up by recent celebrity visits, with Prince Charles and the Duchess of Cornwall visiting Sligo on their first trip to Ireland. Before that, Oasis frontman Liam Gallagher went looking for surf and found the pubs in Sligo Town.*
Lonely Planet has also praised Sligo’s “vibrant and creative food culture.” The county offers the bustle of a big town, great food and culture, a relaxed atmosphere and plenty of hidden gems. What’s not to like?
Thinking of buying a house in Sligo?
Before you go house hunting, it's a good idea to get your mortgage arranged – or at least discussed so you know where you stand.
If you'd like to talk through your mortgage options, book a 30 Minute Mortgage Meeting with Niall or one of the team in EBS Sligo. You can also use our mortgage calculator to find out how much you may be able to borrow.
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John Reynolds Financial Services Ltd trading as EBS Sligo is a tied mortgage agent acting solely on behalf of EBS d.a.c. EBS d.a.c. is regulated by the Central Bank of Ireland.
The content of this blog is expressed in broad terms and is limited to general information purposes only. Readers should always seek professional advice to address issues arising in specific contexts and not seek to rely on the information in this blog which does not constitute any form of advice or recommendation by EBS d.a.c.
EBS d.a.c. neither accepts nor assumes any responsibility in relation to the contents of this blog and excludes all warranties, undertakings and representations (either express or implied) to the fullest extent permitted under applicable law.
*If we mention celebrities, we're not saying they love us. They secretly might, but it doesn't mean they endorse us.