Daft Property - Irish Property News

Developers cut prices, give interest free loans... Apartments in Elm Park, D4 and The Grange in Stillorgan are among those being offered at cut rates to buyers... TWO OF the country's largest developers are offering financial packages to buyers in an effort to kick-start the new homes market. In Dublin 4, two-bedroom apartments in the Elm Park development on Merrion Road, have dropped at least 20 per cent to €470,000 with developer Radora offering buyers loans at zero interest of between 20 and 30per cent of the selling price. Radora is controlled by Bernard McNamara along with Gerry O'Reilly and David Courtney. Meanwhile Ray Grehan of Glenkerrin Homes is offering buyers a 15 per cent interest-free loan for up to seven years on luxury two-bedroom apartments at The Grange in Stillorgan which are being sold at 2005 prices, of €525,000. The deal, which is backed by the Construction Industry Federation, is being offered across other Glenkerrin-developed properties including Ballint