Daft Property - Irish Property News

Gap in asking/selling prices of 'up to 20%'... THE gap between asking prices and selling prices can be as high as 20 per cent says economist Paul Murgatroyd. There is no way for the public to accurately determine selling prices in the absence of a national price database linked to the Land Registry, but Murgatroyd, who analysed MyHome.ie’s price survey published this week, says his view is that the figure is “anywhere between zero and 20 per cent below asking price, depending on the seller, the buyer and the property”. Myhome.ie’s figures indicated that asking prices have fallen in Dublin by 33 per cent since the peak of the property boom at the end of 2006. This followed a price index by Sherry FitzGerald saying that selling prices have plummeted by nearly 50 per cent in Dublin since the peak. Vendors and buyers are being left to figure out current property values for themselves by piecing together information from the few indices available: these include ESRI figures based on...