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Dublin Property - Not All It's Cracked Up To Be...

I see in the Sunday Independent Newspaper today that "MORE than 430 people who have seen their homes plummet in value as a result of a allegedly defective building materials plan to sue for damages in an unprecedented legal showdown with the construction industry. Hundreds of people who bought homes in three new housing developments in north Dublin resorted to legal action after cracks and other problems allegedly began to appear in their properties. The developers have blamed the problems on defective building materials supplied by a north Dublin quarry and are repairing the defects. That has not stopped residents from signing up with two of the city's biggest law firms, in what promises to be a protracted legal battle that will put building standards centre stage. Arthur Cox is representing around 230 clients in Drynam Hall in Kinsealy and The Coast in Baldoyle, Co Dublin. Both developments were built three years ago by Menolly Homes, one Dublin's biggest home builders.

Ireland - Daft - Irish Property Bargains...

Another look at Ireland's daft Property Market In 2008... Property "bargains" in the news today: The Ivory Building Apartments, Dublin 2 prices cut... 1 Bedroom: 2007 €390,000 - now €299,500 2 Bedroom: 2007 €489,000 - now €429,500 3 Bedroom: 2007 €650,000 - now €525,000 Dunboyne Castle in Co Meath prices cut... Apartments 1 Bedroom: 2007 €285,000 - now €210,000 Apartments 2 Bedroom: 2007 €325,000 - now €249,000 Apartments 3 Bedroom: 2007 €365,000 - now €285,000 Houses: 4 Bedroom: 2007 €600,000 - now €499,000 According the Irish Times Newspaper, lower priced homes are selling, and "THE STRATEGY of dropping prices for new homes is increasingly paying off, proving that buyers love a bargain." ...They add that the price reductions have made property, in Ireland, "accessible for first-time buyers who until now have been holding off. Sure enough the bargains have come along, and at a greater discount than most people had expected. Expect to see even more develope