Skip to main content

More Property Price Cuts - Dublin City and Suburbs - House Price Drops...

AS CHRISTMAS and 2009 loom some vendors are cutting prices to get buyers off the fence.

Number 7 Claremont Road in Howth has a new asking price of €3.75m, down from €4.8m, a drop of €1.05m or 22 per cent. For sale through Savills, the four-bed Georgian-style home first came on the market in August. It ticks all the boxes for a trophy home with 418sq m (4,500sq ft) of space and three large reception rooms. A large basement could be used as a gym, music room or home cinema.

Gunne Residential is asking €1.95m for an Edwardian semi - 4 Proby Square off Carysfort Avenue in Blackrock, Co Dublin - which is a 29 per cent drop from the original price of €2.75m. The house has been on the market a number of times in the past five years. In September 2003 it sold for €1.625m with 0.25 acres of rear and side garden with development potential. The following year the house sold with a substantially reduced garden for €1.5m. The six-bed, 300sq m (3,200sq ft) house is in a cul-de-sac.

Gunne Residential has also recently reduced the price on 23 Balcartie in Roganstown Golf Country Club in Swords. The five-bed came on the market in October 2007 at €2.05m. At the start of 2008 this was reduced to €1.925m. Another reduction at the start of the summer brought the price to €1.675m. By the end of the summer the price was €1.4m and in the last two weeks the price dropped to €1.2m - a cut of 41.5 per cent on the original price.

In Booterstown, Co Dublin 80 St Helen's Road has been reduced from €1.2m to €850,000 - a fall of 29 per cent. For sale through Lisney, the 143sq m (1,550sq ft) house has a formal drawingroom, a diningroom and a breakfast room that leads into a kitchen overlooking the rear garden. To the side of the property there's a utility room, shower room and a garage with double doors to the front. Upstairs there are four bedrooms and the attic has been converted. The south-east facing back garden is in lawn.

A three-bed house in Clontarf has been reduced from €675,000 to €525,000 by Gunne. Number 27 Dollymount Park in D3 came on the market in May and since then the price has been reduced four times. The terraced house has 110sq m (1,118sq ft) of space.

In D4, 13 St John's Park Avenue in Sandymount is a two-bed townhouse quoting €570,000, down from €660,000. Bennetts Auctioneers is the selling agent. Close to the Dart, it has 66sq m (710sq ft), including a kitchen with fitted units and a livingroom with a stone fireplace.

Also in D4, Bennetts is quoting €440,000 for 19 Aikenhead Terrace, Stella Gardens, Irishtown - it has been reduced from €520,000. The mid-terrace house has 60sq m (645sq ft), two bedrooms and a rear patio garden. Downstairs is a livingroom with wood flooring, a diningroom and a kitchen with Shaker presses and a tiled floor.

Popular posts from this blog

Ireland's Celtic Tiger Excesses...

'Bang twins' may never get to run a business again... POST-boom Ireland is awash with cautionary tales of Celtic Tiger excesses, as a rattle around the carcasses of fallen property developers and entrepreneurs will show. Few can compete with the so-called Bang twins for youth, glamour and tasteful extravagance. Simon and Christian Stokes, the 35-year-old identical twins behind Bang Cafe and exclusive private members club, Residence, saw their entire business go bust with debts of €9m, €3m of which is owed to the tax man. The debt may be in the ha'penny place compared with the eye-watering billions owed by some of their former customers. But their fall has been arguably steeper and more damning than some of the country's richest tycoons. Last week, further humiliation was heaped on them with revelations that even as their businesses were going under, the twins spent €146,000 of company money in 18 months on designer shopping sprees, five star holidays and sumptu...

Varadkar says it’s ‘not the worst thing’ that Ryanair is buying up homes for staff

25 of the 28 units in a new development at Fostertown Place in Swords were purchased by Ryanair for their cabin crew. TAOISEACH LEO VARADKAR says he does not have any issue with Ryanair or other companies buying up almost entire housing estates for their staff. He said there is a big difference between companies like Ryanair bulk-buying houses and apartments compared to investment funds. “We are building over 30,000 new homes now every year,” he said. “If you think about it, that’s 70,000, 80,000 or 90,000 bedrooms every year so we are finally seeing housing being built on scale,” Varadkar said. “We want to scale that up this year and next year as well because we do have a rising population and family sizes are getting smaller, so we need more housing and we are making progress,” he said. “In relation to Ryanair specifically, I don’t think it is the worst thing that a company would buy accommodation for their staff. It’s not the first time this has happened, it has be...

Irish Property Overvalued By 30%...

Irish property could still be overvalued by 30 percent... Irish house prices increased by around 330 per cent between 1996 to 2007 – a bubble of impressive scale and duration, but a bubble nonetheless. Plenty of outside observers saw the writing on the wall and said so, but they were overlooked in the Celtic Tiger gold rush. The European Central Bank (ECB), the Organisation for Economic Co-operation and Development (OECD), the Financial Times, the Economist and the International Monetary Fund (IMF) all spoke of dire portents early and often. They were ignored. Cheap and easy money arrived in Ireland just as the tiger economy geared up. The country adopted the euro and access to a large pool of low-cost European finance with it. When the bubble burst Ireland's main domestic financial institutions were wiped out and European institutions and the IMF took over the nation's financial affairs. So the question now is has the country reached the end? According to a report i...